At the End of 2019,Washington Corporation Reported a $40,000 Balance

question 123

Essay

At the end of 2019,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 2019,the company declared and paid a cash dividend of $1.50 per share.
Calculate the total amount of the 2019 cash dividend.

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