36 Paul Corporation has no par common stock100000 shares aut

36. Paul Corporation has no par common stock-100,000 shares authorized, 22,000 shares issued, and 20,000 shares outstanding. The board issued a $44,000 cash dividend. How much will each share receive? A) $2.20 B) $2.00 C) $0.44 D) nothing

Solution

A) $2.20 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Dividend is always paid on shares outstanding Cash dividend                      44,000.00 Shares outstanding                      20,000.00 Dividend per share =44000/20000                                 2.20