If 20,000 shares are authorized, 14,000 shares are issued, and 500 shares are held as treasury stock, a cash dividend of $1 per share would amount to $13,500.

Name: If 20,000 shares are authorized, 14,000 shares are issued, and 500 shares are held as treasury stock, a cash dividend of $1 per share would amount to $13,500.
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Cash dividends are paid only on the issued shares that are not held as treasury stock, so the calculation is (14,000 issued - 500 treasury) * $1 = 13,500.

If 20,000 Shares Are Authorized, 14,000 Shares Are Issued, and 500