2. A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 16,000 shares authorized, 11,000 issued, and 10,500 shares outstanding. The total amount of the cash dividend is:

$11,800.

$12,800.

$8,400.

$17,200.

$8,800.

3. The following data has been collected about Keller Company's stockholders' equity accounts:

Common stock $10 par value 13,000 shares authorized and 6,500 shares issued, 2,700 shares outstanding	$65,000
Paid-in-capital in excess of par value, common stock	43,000
Retained earnings	18,000
Treasury stock	28,890

Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

43,000.

65,000.

18,000.

10.

3,800.

Torino Company has 1,800 shares of $10 par value, 5.0% cumulative and nonparticipating preferred stock and 18,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

$1,800.

$400.

$500.

$1,300.

$900.

Carducci Corporation reported Net sales of $3.54 million and beginning Total assets of $0.96 million and ending Total assets of $1.36 million. The average Total asset amount is:

$0.35 million.

$2.58 million.

$0.27 million.

$2.18 million.

$1.16 million.