A company's board of directors votes to declare a cash dividend of $0.75 per share. The company has 15,000 shares authorized, 10,000 shares issued, and 9, 500 shares outstanding. The total amount of the cash dividend is: A. $375 B. $4, 125 C. $7, 125 D. $7, 500 E. $11, 250 A corporation's distribution of additional shares of its own stock to its stockholders, without the receipt of any form of payment in return is called a: A. Stock dividend B. Premium on stock C. Discount on stock D. Stock Issue A company declared a $0.50 per share cash dividend. The company has 20,000 shares authorized 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is: A. Retained Earnings 4,000 Common Dividends Payable 4,000 B. Common Dividends Payable 4,000 Cash 4,000 C. Retained Earnings 4, 500 Common Dividends Payable 4, 500 D. Common Dividends Payable 4, 500 Cash 4, 500 E. Retained Earnings 5,000 Common Dividends Payable 5,000