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Business, 22.04.2021 17:50 hey9691

Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the following actions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $25 per share.
October 15 Declared a $0.40 per share cash dividend.
In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends?
a) $90,000
b) $20,000
c) $60,000
d) $40,000

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