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Serggg [28]
3 years ago
13

A company's board of directors votes to declare a cash dividend of $1.20 per share of common stock. The company has 24,000 share

s authorized, 19,000 issued, and 18,500 shares outstanding. The total amount of the cash dividend is:
Business
1 answer:
katen-ka-za [31]3 years ago
3 0

Answer:

$22,200

Explanation:

Shares is a method through which firms raise capital.

Authorised shares are the maximum number of shares a company can issue to investors

Outstanding shares are the total number of shares sold to investors . It is only outstanding shares that receive dividend payment.

Issued shares are the shares that a company issues

cash dividend = $1.20 x 18,500 = $22,200

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