Jones Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock...
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Jones Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2013. On March 1, they declared a 15% stock dividend. The company then declared a $0.35 per share cash dividend. what is the amount of dividend payable?
A) $50,313 B) $70,438
C) $80,500
D) $130,813
could please show your work ? I'm unsure how to do this question.
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