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3 pts Covington Corporation has 120,000 shares authorized 85,000 shares issued, 60,000 shares outstanding and 25.000 shares held as treasury stock. If a $2.00 per
3 pts Covington Corporation has 120,000 shares authorized 85,000 shares issued, 60,000 shares outstanding and 25.000 shares held as treasury stock. If a $2.00 per share dividend is declared by the board of directors, the total value of the cash dividend would be: O $120,000 O $170,000 O $240,000 O $50,000
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