A companys board of directors votes to declare a cash


Problem

A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 shares authorized, 17,000 issued, and 16,500 shares outstanding. What is the total amount of the cash dividend?

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Accounting Basics: A companys board of directors votes to declare a cash
Reference No:- TGS02575505

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