6 In Year 1, Stock to the Hand, Inc., issued 50,000 shares of the 200,000 shares of $0.60 par value common stock it is allowed to sell. The total received from issuing its common stock is $500,000. Stock to the Hand bought back 5,000 shares of its stock at a cost of $15 each. Stock to the Hand declared and paid a $0.20 per share dividend to its common shareholders. What is the number of shares outstanding? QUESTION 7 On June 30, the board of directors of Dive Inn, Inc., declared a cash dividend of $0.20 per share on its $2 par value, 100,000 common shares outstanding. The date of record is the close of business on July 7, payable July 31. The entry to record the payment of dividends on July 31 includes a (Select all that apply.) 0000 debit Dividends $20,000 debit Dividends $200,000 credit Dividends $20,000 credit Cash $20,000 There is no entry made on July 31.1 credit Cash $200,000 debit Dividends Payable $20,000 Callable bonds can be called for early retirement at the choice of the 00 stockholder bond issuer SEC bond holder