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shares of $1 par value common stock, of which 100,000 are issued, including 10,000 shares

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Avena Corporation has 250,000 authorized shares of $1 par value common stock, of which 100,000 are issued, including 10,000 shares of treasury stock. On October 15, the corporation's board of directors declared a cash dividend of $0.50 per share payable on November 15 to stockholders of record on November 1. What is the amount of dividends declared?;Answer;A. $125,000;B. $50,000;C. $45,000;D. Unable to determine

 

Paper#26661 | Written in 18-Jul-2015

Price : $27
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