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QUESTION
At the end of 2008, Washington Corporation reported a $40,000 balance in its common stock account (par value $1 per share). The treasury stock...
At the end of 2008, Washington Corporation reported a $40,000 balance in its common stock account (par value $1 per share). The treasury stock account showed $720 (cost $6 per share). During 2008 the company declared and paid a cash dividend at $1.50 per share. The total amount of the 2008 cash dividend was _____?
