Reference no: EM131983091

Last Tuesday, the board of directors declared the company's usual $0.10 per share quarterly dividend. The record date is in 2 weeks, and the payment date is 2 weeks after that. The stock's par value is $ .01. Currently the stock is trading in the secondary market at $18.72. 20 million shares have been issued. 1.5 million shares are treasury stock. a) How many shares are outstanding? Explain your answer. b) On how many shares will the dividend be paid? c) Indicate how the corporation's books are affected on the declaration date. Don't use debits and credits in your description because some schools do not teach debits and credits in the introductory accounting course. Instead, the focus is on which accounts are impacted and how that impacts the financial statements. Here, indicate which accounts would be increased or decreased, and by how much. d) Indicate how the issuer's books are affected on the record date. (See note above regarding the mention of debits and credits.) e) Indicate how the issuer's books are affected on the payment date? (See note above regarding the mention of debits and credits.)