Amount of cash required to fund cash dividend

Reference no: EM13144144

Gannon, Inc., had 100,000 shares of common stock outstanding. During the current year, the company distributed a 10 percent stock dividend and subsequently paid a $.50 per share cash dividend Calculate the number of shares outstanding at the time of the cash dividend.

Calculate the amount of cash required to fund the cash dividend

Reference no: EM13144144

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