1. Hurdle Corporation is authorized to issue 200,000 shares of common stock.  In its only issuance to date, Hurdle sold50,000 shares.  A few months later, Hurdle reacquired 5,000 of those issued shares with the intention of reissuing them all later.  By the end of this year, Hurdle had reissued just2,000 of the reacquired shares.  The board of directors declared a 40-cent dividend at the end of the year.  How many shares will receive a dividend? 
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2. Ernie Banks owned 50 shares of Cub Corporation $2 par value common stock prior to the company enacting a 2 for 1 stock split.  How many shares does Ernie own after the split?

Answer rating: 100% (QA)

To determine how many shares will receive a dividend from Hurdle Corporation we ne... View the full answer