Which of the following is needed when declaring a common stock dividend?

Name: Which of the following is needed when declaring a common stock dividend?
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Question

Quizplus · Accepted Answer

Common stock dividends only involve the distribution of dividends to common shareholders, so the number of common shares issued is needed to determine the amount of dividend to be distributed. The number of authorized and issued preferred shares is not relevant to the declaration of a common stock dividend.

Which of the Following Is Needed When Declaring a Common