What is the amount of cash dividends
Course:- Accounting Basics
Reference No.:- EM13131068

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 50,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?

a. $50,000

b. $5,000

c. $100,000

d. $45,000

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Question 1: In the case of Hampton v. United States, 425 U.S. 484 (1976) the Defendant's conviction was reversed by the US Supreme Court due to excessive governmental involv
Johnson Industrial Controls, Inc. (JIC), is a large manufacturer of specialized instruments used in automated manufacturing plants. JIC has grown steadily over the past seve
On 1 February 2009, Ajax, Sandra and Tanya entered into a partnership agreement to operate a seafood restaurant situated in a very advantageous position in a large shopping
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigat
Quick Finance assessed a finance charge of 6% of the total accounts receivable factored and retained an amount equal to 2% of the total receivables to cover sales discounts.
What will the effects be of the overall transactions on reported income for 2009? Why would Steinbach take these actions? Is this ethical? Why or why not? What advice would
The San Diego Tennis & Racquette Club has asked Rachel Green to devise a profit-maximizing pricing strategy. In doing so, Green knows that a typical player will want to play
The CEO of your company has asked you to prepare a written presentation to be given at the next board of directors meeting on why different types of cost information need to