Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000 shares of treasury stock. The company’s board of directors declares a dividend of $1 pershare of common stock. What is the total amount of the dividend that will be paid?
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Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and
100,000 shares of
share of common stock. What is the total amount of the dividend that will be paid?
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- Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction.Nutritious Pet Food Companys board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 12,000 shares but 2,000 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend?Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000 shares of treasury stock. The company’s board of directors declares a dividend of $0.65 per share of common stock. What is the total amount of the dividend that will be paid?
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