The Charter of a Corporation Provides for the Issuance of 100,000

question 133

Multiple Choice

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?

• A) $60,000
• B) $20,000
• C) $120,000
• D) $100,000

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Definitions:

Specific Learning Disability

A type of neurodevelopmental disorder that affects a person's ability to learn a specific academic skill, such as reading, writing, or math, despite having normal intelligence.

Career Plans

The outline of professional goals and the steps needed to achieve them, often involving education, training, and milestones.

Ginzberg

Refers to Eli Ginzberg, an economist known for his theories on career development and choice, emphasizing stages of decision-making that extend into adulthood.

Tentative Period

The second stage of Ginzberg’s theory, which spans adolescence when people begin to think in pragmatic terms about the requirements of various jobs and how their own abilities might fit with them.