1-3 LO 11-3 M11-7 Determining the Amount of a Dividend Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and 100,000 shares of treasury stock. The company's board of directors declares a dividend of $1 per share of common stock. What is the total amount of the dividend that will be paid? M11-8 Recording Dividends

Question Content Area The charter of a corporation provides for the issuance of 110,854 shares of common stock. Assume that 36,504 shares were originally issued and 3,924 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $36,504 b. $65,160 c. $3,924 d. $110,854

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Question 8 Your Corporation had 50,000 shares of $3 par value common stock authorized, 30,000 shares issued and 20,000 shares outstanding, when the board of directors declared a cash dividend of $1.50 per share. What is the dollar amount of the cash dividend? $90,000 $45,000 $30,000 $28,000 $60,000