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

question 35

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