At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and 16,500 shares outstanding. On that date, Tidal's board of directors declared a cash dividend of $1.10 per share of common stock. What is the total amount of the cash dividend Tidal will pay to its common shareholders?

At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and 16,500 shares outstanding. On that date, Tidal's board of directors declared a cash dividend of $1.10 per share of common stock. What is the total amount of the cash dividend Tidal will pay to its common shareholders?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 6EA: James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its...

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