Multiple Choice
A company's board of directors votes to declare a cash dividend of $.75 per share of common stock.The company has 15,000 shares authorized,10,000 issued,and 9,500 shares outstanding.The total amount of the cash dividend is:
A) $10,250.
B) $14,625.
C) $7,125.
D) $7,500.
E) $11,250.
Correct Answer:
Verified
Correct Answer:
Verified
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