Question
The charter of a corporation provides for the issuance of 101,418 shares of common stock. Assume that 37,789 shares were originally issued and 4,444 were
The charter of a corporation provides for the issuance of 101,418 shares of common stock. Assume that 37,789 shares were originally issued and 4,444 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?
a.$101,418
b.$4,444
c.$66,690
d.$37,789
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
