Alpha Co.is paying a $.72 per share dividend today.There are 138,000 shares outstanding with a par value of $1 per share.As a result of this dividend,the:

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When a company pays dividends, it reduces its retained earnings by the total amount of the dividend paid. In this case, the dividend per share is $.72, and there are 138,000 shares outstanding. Therefore, the total dividend payment is $.72 * 138,000 = $99,360. This amount will be deducted from retained earnings.

Alpha CoIs Paying a