FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The total amount of the cash dividend is:
Group of answer choices
$4,000
$10.000
$4,500
$5,500
$6,000
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- 2arrow_forward23- A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is: Top of Form Multiple Choice $7,125. $14,625. $10,250. $7,500. Or $11,250.Bottom of Form Bottom of Formarrow_forwardHelp Save & Exit Submit The following data were reported by a corporation: Authorized shares 26,000 Issued shares 21,000 Treasury shares 6,500 The number of outstanding shares is: Multiple Choice 26,000.arrow_forward
- QUESTION 2 Huxley Company has 264277 shares of common stock authorized 153543 Issued and 71672 shares of treasury stock The company's board of directors declares a dividend of $0.60 per share of common stock. What is the total amount of the dividend that will be paid? Round your answer to the nearest dollararrow_forwardPlease help me. Thankyou.arrow_forwardSubject: acountingarrow_forward
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