Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The number of shares to which the dividend applies is:
A)200,000.
B)192,000.
C)190,000.
D)182,000.
E)10,000.

Question

Quizplus · Accepted Answer

The dividend applies to the outstanding shares, which are the issued shares minus the treasury shares. Thus, 190,000 issued shares - 8,000 treasury shares = 182,000 shares.

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