Refer to the information above. If Vision paid a total of $55,800 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears)

Question

Quizplus · Accepted Answer

The correct answer is A because each common stockholder would receive $0.12 for each share of stock owned. This is calculated by dividing the total amount of dividends paid ($55,800) by the number of common shares outstanding (465,000).

Refer to the Information Above