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Question 2 Jones Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2013. On March 1, they declared a 15% stock dividend. The company then declared a $.35 per share cash dividend. What is the amount of dividends payable?

Question 2 Jones Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2013. On March 1, they declared a 15% stock dividend. The company then declared a $.35 per share cash dividend. What is the amount of dividends payable?

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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Question 2 Jones Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2013. On March 1, they declared a 15% stock dividend. The company then declared a $.35 per share cash dividend. What is the amount of dividends payable?
Transcribed Image Text:Question 2 Jones Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2013. On March 1, they declared a 15% stock dividend. The company then declared a $.35 per share cash dividend. What is the amount of dividends payable?
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