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question 144

Multiple Choice

[The following information applies to the questions displayed below.]
Shown below is information relating to the stockholders' equity of Grant Corporation at December 31,2018:
Dividends have been declared and paid for 2018.
-The balance in Retained Earnings at the beginning of the year was $950,000,and there were no dividends in arrears.Net income for 2018 was $980,000.What was the amount of dividend declared on each share of common stock during 2018?

• A)$2.50.
• B)$2.08.
• C)$2.00.
• D)$2.68.

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