A company's board of directors votes to declare a cash dividend of $1.05 per share of common stock. The company has 21,000 shares authorized, 16,000 issued, and 15,500 shares outstanding. The total amount of the cash dividend is:

Multiple Choice

• $33,075.

• $21,050.

• $16,275.

• $16,800.

• $22,050.

2.

Mayan Company had net income of $33,180. The weighted-average common shares outstanding were 8,400. The company has no preferred stock. The company's earnings per share is:

Multiple Choice

• $5.00.

• $3.89.

• $3.95.

• $4.01.

• $1.17.

3.

Which of the following is NOT used for inventory valuation?

Multiple Choice

• Specific identification

• Matching principle

• Last-in-first-out

• Weighted average

• I do not know

• First-in-first-out