What is the amount of dividends declared

Reference no: EM13155008

Avena Corporation has 250,000 authorized shares of $1 par value common stock, of which 100,000 are issued, including 10,000 shares of treasury stock. On October 15, the corporation's board of directors declared a cash dividend of $0.50 per share payable on November 15 to stockholders of record on November 1. What is the amount of dividends declared?

A. $125,000

B. $50,000

C. $45,000

D. Unable to determine

Reference no: EM13155008

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