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Business, 12.03.2020 03:31 kikirogers6530

Gannon, Inc., had 100,000 shares of common stock outstanding. During the current year, the company distributed a 10 percent stock dividend and subsequently paid a $0.50 per share cash dividend. a. Calculate the number of shares outstanding at the time of the cash dividend. b. Calculate the amount of cash required to fund the cash dividend.

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Gannon, Inc., had 100,000 shares of common stock outstanding. During the current year, the company d...
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