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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:The balance sheet of Tampa Company included the following shareholders' equity accounts at December 31,2021
$240,000
Common stock,240,000 shares at $1
par
Paid-in captalexcoss of par
Retained eamings
Total shareholder' equity
060,000
3,800,000
$5.000,000
During 2022, the following transactions occurred
1 On May 3, 2022, a 5-for-4 stock split was declared and distributed. The stock spit was effected in the form of a 25% stock dividend. The market value of the $1 par common stock was
$10 per share,
2. On July 5, 2022, a 5% common stock dividend was declared and distributed. The markel value of the common stock was $13 per share.
3. On December 1, 2022, the board of directors declared a cash dividend of $0.8 per share on its common shares, payable on December 28 to sharehoiders
Determine the amount of cash dividend paid to shareholders on December 28, 2022
O $240,000
O $252,000
O $201,600
O $192.000
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