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TB MC Qu. 18-125 (Algo) Doug Graves Cemetery had... Doug Graves Cemetery had 69,000 shares of common stock issued and outstanding at January 1, 2021.
TB MC Qu. 18-125 (Algo) Doug Graves Cemetery had...
Doug Graves Cemetery had 69,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the following actions:
| June | 1 | Declared a 2-for-1 stock split, when the fair value of the stock was $44 per share. | ||
| October | 15 | Declared a $0.50 per share cash dividend. |
In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends?
Multiple Choice
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$34,500
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$69,000
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$103,500
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$138,000
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