At the end of 20X3, Bush Corporation reported a $40,000 balance in its common share account (stated value $5 per share). The treasury share account showed $720 (cost $6 per share). No dividends were paid during the ﬁrst two years. During 20X3 the company declared and paid a cash dividend at $1.50 per share. The total amount of the 20X3 cash dividend was $_______.

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The Answer of At the end of 20X3, Bush Corporation reported a $40,000 balance in its common share account (stated value $5 per share). The treasury share account showed $720 (cost $6 per share). No dividends were paid during the ﬁrst two years. During 20X3 the company declared and paid a cash dividend at $1.50 per share. The total amount of the 20X3 cash dividend was $_______.

At the End of 20X3, Bush Corporation Reported a $40,000