Shares of common stock issued and outstanding

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Reference no: EM13943999

Long had 100,000 shares of common stock issued and outstanding at January 1, 2013. During 2013, Long took the following actions: March 15 declared a 2 for 1 stock split when the fair value of the stock was $80 per share December declared a $50 per share cash dividend In Long's statement of changes in equity for 2013, what amount should Long report as dividends?

A. $50,000

B. $100,000

C. $850,000

D. $950,000

Reference no: EM13943999

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