The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share. The company has 6,000 unissued shares and has 1,000 shares held in Treasury. If the company pays a dividend of $10 per share of stock, how much is the company's total dividend payout? $60,000 $50,000 $30,000 $100,000
The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share. The company has 6,000 unissued shares and has 1,000 shares held in Treasury. If the company pays a dividend of $10 per share of stock, how much is the company's total dividend payout? $60,000 $50,000 $30,000 $100,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...
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The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.
The company has 6,000 unissued shares and has 1,000 shares held in Treasury.
If the company pays a dividend of $10 per share of stock, how much is the company's total dividend payout?
$60,000
$50,000
$30,000
$100,000
2.
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The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.
The company has 6,000 unissued shares and has 1,000 shares held in Treasury.
How much money can the company raise in total by selling and issuing shares of stock?
$150,000
$350,000
$500,000
$200,000
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