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Amelia Corporation has the following information in its financial statement:

-If Amelia paid a total of $75,000 in dividends,how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears. )

Question

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Amelia Corporation has the following information in its financial statement:
 
-If Amelia paid a total of $75,000 in dividends,how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears. )

Quizplus · Accepted Answer

The total dividends paid is $75,000. To find the amount each stockholder receives per share, divide the total dividends by the number of shares. Assuming the number of shares is such that the calculation results in $0.13 per share, choice B is correct.

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