Application Problem 11-11A a-c (Part Level Submission) Sauro Brothers Inc. is currently considering declaring a dividend to its common shareholders, according to one of the following plans: 1. 2. Declare a cash dividend of $11 per share. Declare a 20% stock dividend. Sauro Brothers would distribute one common share for every five common shares currently held. The company's common shares are currently selling for $19 per share. Sauro Brothers is authorized to issue 125,000 common shares. To date, the company has issued 77,400 shares at $10 per share and is currently holding 5,500 of these as treasury shares. (a) How many common shares are eligible to receive a dividend? Common shares SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 3 used