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

question 146

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 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?

• A) $60,000
• B) $5,000
• C) $100,000
• D) $55,000

---

Definitions:

Soil Erosion

The process by which soil is removed from an area by water, wind, or agricultural activities, leading to soil degradation.

Water Pollution

The contamination of water bodies, such as lakes, rivers, oceans, and groundwater, with substances harmful to living organisms and the environment.

Geothermal Power

Energy produced from the natural heat stored beneath the Earth's surface, used for electricity generation or heating.

Energy Efficiency

The ratio of useful output of energy to the total input energy, reflecting how well energy is converted into useful work.