Question
ABC issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. The following year, ABC Corporation declared a regular dividend of $2 per share.
ABC issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. The following year, ABC Corporation declared a regular dividend of $2 per share. What would be the total amount of the dividend expense?
Select one:
a. $20,000.
b. $28,000.
c. $24,000.
d. $4,000.
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
