Question
The company has 420,000 share of common stock authorized with a par value of $18. Currently, 28,000 shares are issued and outstanding. 20,000 stocks were
The company has 420,000 share of common stock authorized with a par value of $18. Currently, 28,000 shares are issued and outstanding. 20,000 stocks were issued to acquire land. Treasury stock is $56325. The CEO declares that the company will pay a $2.50 per share cash dividend in January of next year. Determine the dividends payable.
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Economic Development Finance
Authors: Karl F Seidman
1st Edition
0761927093, 9780761927099
