The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow.

-Using the data provided for Diane Company, what are the dividends per common share?
A) $20.00
B) $3.00
C) $0.67
D) $1.50

Question

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow.
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-Using the data provided for Diane Company, what are the dividends per common share?
A) $20.00 
B) $3.00 
C) $0.67 
D) $1.50

Quizplus · Accepted Answer

The dividends per common share are calculated by dividing the total dividends paid by the number of common shares outstanding. The correct choice is based on the data provided, which indicates $1.50 per share.

The Following Information Pertains to Diane Company