A company has 293,000 shares of common stock authorized, 253,000 shares issued, and 73,000 shares of treasury stock. Thecompany's board of directors has declared a dividend of 65 cents per share.What is the total amount of the dividend that will be paid?Amount of dividend

The treasury stock decreases the number of shares outstanding. The dividend is not declared to the…

Answered: A company has 293,000 shares of common…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Enscoe Enterprises, Incorporated (EEI) has 220,000 shares authorized, 160,000 shares issued, and 40,000 shares of treasury stock. At this point, EEI has $1,100,000 of assets, $260,000 liabilities, $400,000 of common stock, and $440,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. a. Determine the number of shares of stock that is outstanding b. Determine the book value per share
Calculate the dividends for the following: The board of directors declared preferred dividends and common dividends of $2.45 per share. The preferred stock was $200 par, 8% stock with 2,200 shares outstanding. The common stock is $5 par value stock with 5,600 shares outstanding. Show your calculations for each type of stock as well as the total of the dividends to be paid. a. Dividends for Preferred stockholders. b. Dividends for Common stockholders. c. Total cash dividends to be paid.
A corporation purchases 10,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity? Select one: O a. increase, $200,000 O b. increase, $350,000 Oc decrease, $200,000 O d. decrease, $350,000
A stock pays an annual dividend of $1.18 18A stock pays an annual dividend of $1.18 per share calculate the dividends paid to a shareholder who has 315 shares of the company stock.
Your Corporation had 40,000 shares of $2 par value common stock authorized 30,000 shares issued and 20,000 shares outstanding, when the board of directors. declared a cash dividend of $3.50 per share. What is the dollar amount of the cash dividend?
A corporation has issued 50,000 shares of $100 par common stock and holds 6,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends? Group of answer choices $44,000 $88,000 $96,000 $100,000
A corporation has total assets of $85 million and total liabilities of$5 million. If the corporation has 4 million shares of common stockoutstanding, what is the book value per share of common stock?
A company reports the following: Net income $420,200 Preferred dividends $31,130 Shares of common stock outstanding 33,000 Market price per share of common stock $34.19 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.

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A company has 293,000 shares of common stock authorized, 253,000 shares issued, and 73,000 shares of treasury stock. The company's board of directors has declared a dividend of 65 cents per share. What is the total amount of the dividend that will be paid? Amount of dividend