The charter of Zion Associates provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 shares were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $80,000 b. $20,000 c. $90,000 d. $100,000 e. None of the above

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A: Journal Entry - Journal entry is the record entered into by the company for the transactions for the…

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A: When shares are reacquired, the dividends are not required to be paid on such stocks.

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Q: 3. How much is the TOTAL SHAREHOLDERS' EQUITY? *

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A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

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Q: What is the number of shares outstanding?

A: The shares which are outstanding is the shares which has been in the market which means those shares…

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A: Number of shares issued = No. of shares issued - No. of shares reaquired

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A:

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Q: What is the number of shares outstanding?

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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

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A: Number of ordinary shares Ordinary shares on Dec 31, 2022 6000 Add: shares issued 800 Add:…