Asked by
Tasmin Sultana Chaity 1831489630
on Nov 18, 2024Verified
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
A) $80,000
B) $10,000
C) $90,000
D) $100,00
Cash Dividends
Payments made by a company to its shareholders out of its profits or reserves.
Originally Issued
Refers to securities that have been sold for the first time to investors directly by the issuing company.
- Assess the financial repercussions of assorted stock and dividend dealings on a company's fiscal statements.
Verified Answer
MN
Learning Objectives
- Assess the financial repercussions of assorted stock and dividend dealings on a company's fiscal statements.
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