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Tech Inc's Board of Directors Voted to Declare a Common

Question 35

Multiple Choice

Tech Inc's board of directors voted to declare a common cash dividend of $.0.75 per share.The company has 15,000 common shares authorized,with 10,000 issued and outstanding.The amount of the dividend is


A) $7,500
B) $7,125
C) $5,625
D) $3,750
E) $375

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