Chapter 11 HW O ezto.mheducation.com/hm.tpx Mirna Santana Principles of Accounti

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Chapter 11 HW O ezto.mheducation.com/hm.tpx Mirna Santana Principles of Accounting 1 2013: FALL-2017- Principles of Accounting 1.013 Chapter 11 Hw instructions help Question 7 (of 29) save & Exit submit volue: 0.37 points M11-7 Determining the Amount of a Dividend [LO 11-3] Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and 100,000 shares of treasury stock. The company's board of directors declares a dividend of $1 per share of common stock. What is the totall amount of the dividend that will be paid? be References eBook & Resources Worksheet Difficulty: 1 Easy M11-7 Dividend [LO 11 the Amount of a L cash transactions Objective: 11-03 Explain and analyze stock dividends, and stock split O Type here to search 6:38 PM 11/28/2017

Explanation / Answer

ans)

Common stock = 270,000

Less: Treasury stock = (100,000)

170,000

Dividend = $1 per common stock

170,000 X $1 = 170,000 dividend to be paid

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