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

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