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Prescott Sporting Goods Company has 45,000 shares of stock outstanding. What total dividend declaration would be necessary for the dividend per share to be $1.00?

$450.00
$4,500.00
$45,000.00
$450,000.00

Respuesta :

the answer is 45,000 cause i went and searched it and found it somewhere else lol

Answer:

The correct option is 3.

Step-by-step explanation:

It is given that the Prescott Sporting Goods Company has 45,000 shares of stock outstanding.

Total number of shares is 45,000.

The necessary amount of dividend per share is $1.00. The total dividend is

[tex]45,000\times \$1.00=\$45,000[/tex]

Therefore the total dividend amount is $45,000 and option 3 is correct.

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