Refer to the information above. If Vision did not pay a dividend for the last two years, but declared a dividend this year, how much will they have to declare in order for the common stockholders to receive $.45 per share?

Question

Quizplus · Accepted Answer

The total number of common shares outstanding is 420,000. To receive $.45 per share, the total dividend must be $189,000 (420,000 shares x $.45 per share = $189,000).

Refer to the Information Above