Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared

Sagot :

ayokenny2001

The amount of cash dividends to be paid if a $2 per share dividend is declared is $80,000

Total number of shares issued

= 45,000

Shares reacquired

= 5,000

Total number of outstanding shares

= 45,000 - 5,000

= 40,000

Then,

Cash dividends to be paid

= Total number of outstanding shares * Share dividend declared

= 40,000 * $2

= $80,000

Therefore, the amount of cash dividends to be paid if a $2 per share dividend is declared is $80,000

learn more at : https://brainly.com/question/15871763

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.