Hazelnut Corporation Had 40,000 Shares of $4 Par Value Common

question 94

Multiple Choice

Hazelnut Corporation had 40,000 shares of $4 par value common stock outstanding on January 1.On January 20,the company purchased 4,000 of its stock for $16 per share.On July 3,the company reissued 2,000 of the shares at $20 per share.Hazelnut uses the cost method to account for its treasury stock.Assume the company paid a dividend of $5 per share on August 3.What is the total amount of the dividends that would be paid to the common stockholders?

• A)$190,000
• B)$200,000
• C)$180,000
• D)$152,000

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Definitions:

Anxiety-producing Situations

Scenarios or circumstances that trigger feelings of anxiety, fear, or apprehension, varying widely among individuals based on personal experiences and sensitivities.

Cognitive Therapy

A form of psychotherapy that addresses maladaptive thinking patterns to effect change in behavior and emotion, often used in treating depression and anxiety.

Behavior Therapy

A type of psychotherapy that focuses on changing unwanted behaviors through various techniques and reinforcements.

Psychodynamic Therapy

An approach within depth psychology that seeks to expose the unconscious elements of a client's psyche with the goal of easing psychic stress.