A company has 360,000 shares authorized, 120,000 shares issued, and 80,000 shares outstanding. It declares cash dividends of $1 per share. How much cash will the company pay for dividends? $80,000 $240,000 $120,000 $360,000 $40,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A company has 360,000 shares authorized,
120,000 shares issued, and 80,000 shares
outstanding. It declares cash dividends of $1
per share. How much cash will the company
pay for dividends?
$80,000
$240,000
$120,000
$360,000
$40,000
Adjust
Draw
Transcribed Image Text:A company has 360,000 shares authorized, 120,000 shares issued, and 80,000 shares outstanding. It declares cash dividends of $1 per share. How much cash will the company pay for dividends? $80,000 $240,000 $120,000 $360,000 $40,000 Adjust Draw
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