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A company has total earnings after tax this quarter of $300,000. 40% will be retained earnings, adding to capital, and 60% paid out as a dividend to shareholders. There are 100,000 dividend-receiving shares. The Board will declare a dividend of: $1,59 $0.45 $1,80 $3,99

A company has total earnings after tax this quarter of $300,000. 40% will be retained earnings, adding to capital, and 60% paid out as a dividend to shareholders. There are 100,000 dividend-receiving shares. The Board will declare a dividend of: $1,59 $0.45 $1,80 $3,99

FINANCIAL ACCOUNTING
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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A company has total earnings after tax this quarter of $300,000. 40% will be retained earnings, adding to capital, and 60% paid out as a dividend to shareholders. There are 100,000 dividend-receiving shares. The Board will declare a dividend of: $1,59 $0.45 $1,80 $3,99 1 point
Transcribed Image Text:A company has total earnings after tax this quarter of $300,000. 40% will be retained earnings, adding to capital, and 60% paid out as a dividend to shareholders. There are 100,000 dividend-receiving shares. The Board will declare a dividend of: $1,59 $0.45 $1,80 $3,99 1 point
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