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The balance sheet of Hilton Company included the following shareholders' equity accounts at December 3 1 , 2 0 2 3 : Common stock, 2
The balance sheet of Hilton Company included the following shareholders' equity accounts at December :
Common stock, shares at $ par
$
Paidin capitalexcess of par
Retained earnings
Total shareholder' equity
$
During the following transactions occurred:
On May a for stock split was declared and distributed. The stock splitwas effected in the form of a stock dividend. The market value of the $ par common stock was $ per share.
On July a common stock dividend was declared and distributed. The market value of the common stock was $ per share.
On December the board of directors declared a cash dividend of $ per share on its common shares, payable on December to shareholders.
Determine the amount of cash dividend paid to shareholders on December :
$
$
$
$
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