Net pass co has 300,000 shares of common stock authorized, 270,000 shares issued, 100,000 shares of treasury stock board of director's declared dividend of .50 cents per share of common stock what is the total amt. of dividend paid?
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Net pass co has 300,000 shares of common stock authorized, 270,000 shares issued, 100,000 shares of treasury stock board of director's declared dividend of .50 cents per share of common stock what is the total amt. of dividend paid?
Take the number of shares issued and outstanding times the dividend amount.
So you take the number of shares issued minus the number of shares of treasury stock to get your number of shares outstanding.
270,000 shares issued - 100,000 shares of treasury stock = number of shares outstanding.
No take the number of shares outstanding * $0.50 dividend amount per share = total dividend amount.
270,000 * 0.5 = 135,000
sorry I forgot the treasury stocks, so (270,000-100,000)*.5= 85,000
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