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

Question

Quizplus · Accepted Answer

The dividend amount is calculated by multiplying the dividend per share ($0.75) by the number of shares issued and outstanding (10,000), resulting in $7,500.

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