keysha07
Jul 23, 2010, 10:16 AM
Gannon, Inc. had 100,000 shares of common stock outstanding. During the current year, the company distributed a 10 percent stock dividend and subsequently paid a $.50 per share cash dividend.
Calculate the number of shares outstanding at the time of the cash dividend.
Calculate the amount of cash required to fund the cash dividend
Calculate the number of shares outstanding at the time of the cash dividend.
Calculate the amount of cash required to fund the cash dividend