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  3. incentive corporation has 41000 in the companys bank account what...

Question: incentive corporation has 41000 in the companys bank account what...

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Incentive Corporation has $41,000 in the company’s bank account. What is the maximum amount of cash dividends the company can declare and distribute? (required information) Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: a. Issued 5,900 shares of common stock for cash at $19 per share. b. Issued 1,900 shares of common stock for cash at $22 per share.

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