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    keysha07's Avatar
    keysha07 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 23, 2010, 10:16 AM
    Gannon, Inc. had 100,000 shares of common stock outstanding.
    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
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jul 23, 2010, 10:17 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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