Question: A corporation's only class of stock is $1 par common stock with 1,000,000 shares authorized, 800,000 shares issued, 600,000 shares outstanding, and treasury stock

A corporation's only class of stock is $1 par common stock with

A corporation's only class of stock is $1 par common stock with 1,000,000 shares authorized, 800,000 shares issued, 600,000 shares outstanding, and treasury stock of 200,000 shares. When the corporation distributes a dividend of $5 per share, how much is paid in dividend? O $1,000,000 $3,000,000 O $4,000,000 $5,000,000

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