The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
a. $80,000 b. $10,000 c. $90,000 d. $100,00
a
You might also like to view...
Bureaucracy is listed as a political risk category by:
A) BERI (Business Environment Risk Intelligence). B) PRS Group. C) EIU (Economist Intelligence Unit). D) WTO (World Trade Organization). E) OPIC (Overseas Private Investment Corporation).
For a statement of financial condition, the figure that will usually be most important is the total asset amount
Indicate whether the statement is true or false
You should be quick to switch life insurance policies based upon comparative returns to cash value
Indicate whether the statement is true or false.
For each of the following transactions, indicate the type by entering AS for asset source transactions, AU for asset use transactions, AE for asset exchange transactions, and CE for claims exchange transactions.1) ________ Paid $2,000 in dividends to its stockholders2) ________ Recorded the accrual of $1,000 in salaries to be paid later3) ________ Issued common stock for $20,000 in cash4) ________ Earned revenue to be collected next year5) ________ Paid the salaries accrued in #2 above 6) ________ Received cash from customers in #4 above7) ________ Purchased supplies on account8) ________ Received $500 from a customer for services to be provided later
What will be an ideal response?