For the Year Just Ended, a Company Reports Net Income

question 57

Multiple Choice

For the year just ended, a company reports net income of $3,200,000. There are 750,000 shares authorized, 600,000 shares issued and 500,000 shares of common stock outstanding. The company has no preferred stock. If the board of directors declares a $1 per share dividends, the total amount of dividends paid is:

• A)$750,000.
• B)$600,000
• C)$500,000.
• D)$250,000.

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Definitions:

Social Inequality

The unequal distribution of resources, opportunities, rights, and privileges within a society, often based on factors like class, race, gender, or age.

Age Role

Expected behaviors and responsibilities associated with specific ages in society, reflecting cultural norms and values.

Social Interaction

The process by which people act and react in relation to others, forming the basis of social relationships.

Distinct Stages

Refers to clear, separate phases that an entity or process passes through in a specific sequence.