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

question 109

Multiple Choice

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?

• A) $80,000
• B) $10,000
• C) $90,000
• D) $100,000

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Definitions:

Spontaneously Occur

Events or actions that happen without any apparent external cause or planning.

Top-Down Processing

Cognitive processing that begins with higher-level thoughts, knowledge, and expectations, which then influence the interpretation of sensory information.

Perceive

The act of becoming aware of something through the senses, including seeing, hearing, and feeling, integrating sensory information to make sense of the environment.

Experiencing Pain

The sensory and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.