For the year just ended, a company reports net income of $4,300,000. There are 900,000 shares authorized, 700,000 shares issued and 650,000 shares of common stock outstanding. Th company has no preferred stock. If the board of directors declares a $1 per share dividend, the total amount of dividends paid is Multiple Choice $900,000. $700,000 $650,000. $250,000.

For the year just ended, a company reports net income of 54,300,000. There are 900,000 shares autherized, 700,000 shares issued and 650,000 shares of comven stock outstanding. T company has no preferred stock. if the bosed of diectors declares a $1 per shave dividend, the total amount of dividends pald is Multiple Choice $900000 $700000 1650000 $250,000