Gannon, Inc , had 100,000 shares of common stock outstanding During the current year, the company distributed a 10 percent stock dividend and subsequently paid a $0 50 per share cash dividend Calculate the number of shares outstanding at the time of the cash dividend and the amount of cash required...

Number of shares outstanding before stock dividend 100000 shares outstanding Number ...

Gannon, Inc., had 100,000 shares of common stock outstanding. During the current year, the company distributed a

Question:

Gannon, Inc., had 100,000 shares of outstanding. During the current year, the company distributed a 10 percent stock and subsequently paid a $0.50 per share cash Calculate the number of shares outstanding at the time of the cash and the amount of cash required to fund the cash Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...