A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 38,000 shares authorized, 13,000 issued, and 13,000 shares outstanding. The total amount of the cash dividend is:

A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 38,000 shares authorized, 13,000 issued, and 13,000 shares outstanding. The total amount of the cash dividend is:

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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