Tech Inc's Board of Directors Voted to Declare a Common

question 55

Multiple Choice

Tech Inc's board of directors voted to declare a common cash dividend of $.0.75 per share. The company has 15,000 common shares authorized, with 10,000 issued and outstanding. The amount of the dividend is:

• A) $3,750.
• B) $375.
• C) $7,125.
• D) $7,500.
• E) $5,625.

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Definitions:

Parents

The caregivers of children, who may be biological, adoptive, step, or guardians, responsible for the upbringing and well-being of their children.

Children

Young human beings, typically defined as persons between infancy and puberty.

Cephalocaudal

Describes the growth pattern of human beings, where development starts from the head and progresses towards the feet.

Proximodistal

A pattern of development that describes how growth starts at the center of the body and moves towards the extremities.