Your Corporation had 40,000 shares of $2par value common stock authorized 30,000shares issued and 20,000 sharesoutstanding, when the board of directors.declared a cash dividend of $3.50 pershare. What is the dollar amount of thecash dividend?

Cash dividend is the part of profit that is paid to shareholders of a company as a dividend for…

Answered: Your Corporation had 40,000 shares of…

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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[The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 60,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 170,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ $10,700 20,500 290,000 440,000 Dividend Rate 10,700 20,500 290,000 440,000 761,200 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend
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A corporation has issued 50,000 shares of $100 par common stock and holds 6,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends? Group of answer choices $44,000 $88,000 $96,000 $100,000
A corporation has total assets of $85 million and total liabilities of$5 million. If the corporation has 4 million shares of common stockoutstanding, what is the book value per share of common stock?
Cleveland Corporation has 100,000 shares of common stock outstanding. The company's net income is $1,400,000 and its P/E is 16. What is the company's stock price? Round it to a whole dollar.

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Your Corporation had 40,000 shares of $2 par value common stock authorized 30,000 shares issued and 20,000 shares outstanding, when the board of directors declared a cash dividend of $3.50 per share. What is the dollar amount of the cash dividend?