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  • Sep 10, 2012, 05:41 PM
    bigfoot7
    accounting question
    Common stock without par value, 2,000,000 shares authorized,
    400,000 shares issued, and 360,000 shares outstanding

    $2,600,000

    Calculate the average price at which the shares were issued.

    If a cash dividend of $.60 per share were declared, calculate the total amount of cash that would be paid to stockholders.

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