Plymouth Corporation has only one class of stock. There are 76,000 shares outstanding. During 20X1, the...

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Plymouth Corporation has only one class of stock. There are 76,000 shares outstanding. During 20X1, the corporation's net income after taxes was $486,400. The policy of the corporation is to declare dividends equal to 25 percent of its net income. Elaine White owns 210 shares of the stock. Required: How much will White receive as a dividend on these shares? (Round dividend per share to 2 decimal places.) Dividend on shares Plymouth Corporation has only one class of stock. There are 76,000 shares outstanding. During 20X1, the corporation's net income after taxes was $486,400. The policy of the corporation is to declare dividends equal to 25 percent of its net income. Elaine White owns 210 shares of the stock. Required: How much will White receive as a dividend on these shares? (Round dividend per share to 2 decimal places.) Dividend on shares

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To calculate the dividend Elaine White will receive on her 210 shares we need ... View the full answer