Essay
At the end of 2014, Washington Corporation reported a $40,000 balance in its common stock account (par value $1 per share). The treasury stock account balance was $720 (cost $6 per share). During 2014, the company declared and paid a cash dividend of $1.50 per share.
Required:
Calculate the total amount of the 2014 cash dividend.
Correct Answer:
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The number of issued shares = 40,000 = c...View Answer
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