The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that 40,000 shares were originally issued and 3,300 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a.$6,600 b.$80,000 c.$190,000 d.$73,400

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that 40,000 shares were originally issued and 3,300 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?

a.$6,600
b.$80,000
c.$190,000
d.$73,400
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