Cash dividends are paid based on the number of shares which are

Name: Cash dividends are paid based on the number of shares which are
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Cash dividends are paid based on the number of outstanding shares, which are those shares that have been issued and are currently held by investors. Authorized shares refer to the maximum number of shares a company is allowed to issue, while issued shares include both outstanding shares and treasury shares. Therefore, the correct choice is C.

Cash Dividends Are Paid Based on the Number of Shares