Assume that 80,000 shares of common stock were authorized by the board of directors, 60,000 shares were
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume that 80,000 shares of common stock were authorized by the board of directors, 60,000 shares were issued and there are now 5,000 shares of Treasury Stock. If the board of directors declares a cash dividend of $41,250, then how much will each individual share receive when the dividend is paid?
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date: