A recent annual report for Apple Inc. contained the following information (dollars in millions): In 2020, Apple

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A recent annual report for Apple Inc. contained the following information (dollars in millions):

In 2020, Apple declared dividends equal to $0.795 per share. Assume all of the dividends were paid with cash by year end. Approximately how much cash in total did Apple pay to stockholders for dividends n 2020?

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Sep 27, 2022 02:30 AM

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A recent annual report for Apple Inc. contained the following information (dollars in millions): In 2020, Apple

Question:

Stockholders' Equity Common stock and additional paid-in capital, $0.00001 par value, 50.4 billion shares authorized, 17.0 billion shares issued and outstanding Retained earnings 2020 $50,779 14,966

Step by Step Answer:

170 billion shares outstanding x 0795 per share 13515billion Approximate cash paid to stockho...View the full answer

Financial Accounting

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