Question
A company has an authorised share capital of $1,000,000, consisting of 25p ordinary shares. Its issued share capital consists of 500,000 shares. A dividend of
A company has an authorised share capital of $1,000,000, consisting of 25p ordinary shares. Its issued share capital consists of 500,000 shares. A dividend of 2p per share has been declared. The cash payable to shareholders amounts to?
| A | $10,000 |
| B | $20,000 |
| C | $40,000 |
| D | $80,000 |
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Accounting Information Systems
Authors: Marshall B Romney, Paul J. Steinbart, Scott L. Summers, David A. Wood
15th Edition
0135572835, 9780135572832
