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Question 3. The board decided to give a dividend to the stockholders. There are 100,000 outstanding stocks. The dividend they elected to pay was $125K
Question 3. The board decided to give a dividend to the stockholders. There are 100,000 outstanding stocks. The dividend they elected to pay was $125K based on earnings from the previous year; those earnings were $90K.
What were the steps to be taken to payout the dividend?
This is the beginning of a new year, when the first dividend will be paid.
Please I need an explanation. Thank you
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