Bandera Corporation has not paid a dividend for six years. This year, the board of directors decides

Question:

Bandera Corporation has not paid a dividend for six years. This year, the board of directors decides to declare a dividend. It hires a consultant to update the shareholder records so that the dividend can be distributed to the proper people. The consultant's fee for her services is $16,800.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...