Question Content Area The charter of a corporation provides for the issuance of 110,854 shares of common stock. Assume that 36,504 shares were originally issued and 3,924 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $36,504 b. $65,160 c. $3,924 d. $110,854
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Question Content Area
The charter of a corporation provides for the issuance of 110,854 shares of common stock. Assume that 36,504 shares were originally issued and 3,924 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?
a. $36,504b. $65,160c. $3,924d. $110,854
DECLARATION OF DIVIDENDS
Dividend is the amount paid by the Corporation its shareholders in return for their investments.
The dividend is the portion of company's profit paid to shareholders during the year. There are two types of dividends paid to shareholders that are Cash & Stock Dividends.
If any company Declared Dividend during the year, first of all company shall pay outstanding dividend to their Preference Shareholders & the Remaining Balance of Dividend shall be paid to common stockholders.
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