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  3. Study Set
    Fundamental Financial Accounting Concepts
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    Exam 11: Proprietorships,partnerships,and Corporations
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    Vortex Corp
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Vortex Corp

Question 139

Question 139

Essay

Vortex Corp.has 250,000 shares of common stock authorized.It has issued 85,000 shares and has reacquired 9,000 of these shares as treasury stock.Vortex subsequently declared a cash dividend of $6 per share.What is the total amount of dividends that were declared?

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