Question

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

Answer 1

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

Answer 2

The correct option is 3.

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

`45,000* \$1.00=\$45,000`

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