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The charter of a corporation provides for the issuance of 103,360 shares of common stock....

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Accounting

The charter of a corporation provides for the issuance of 103,360 shares of common stock. Assume that 42,584 shares were originally issued and 3,043 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1-per-share dividend is declared

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