On June 15,Team Shirts paid a cash dividend of $0.75 per share to common shareholders.There were 45,000 shares issued at the time.Team Shirts held 1,000 shares of treasury stock.Team Shirts also paid a dividend to preferred shareholders.There were 200 shares of 8%,$100 par preferred stock outstanding.What was the total dollar amount of the cash dividend?

Question

Quizplus · Accepted Answer

The Answer of On June 15,Team Shirts paid a cash dividend of $0.75 per share to common shareholders.There were 45,000 shares issued at the time.Team Shirts held 1,000 shares of treasury stock.Team Shirts also paid a dividend to preferred shareholders.There were 200 shares of 8%,$100 par preferred stock outstanding.What was the total dollar amount of the cash dividend?

On June 15,Team Shirts Paid a Cash Dividend of $0