29) What are dividends?
30) On July 1, the board of directors of Team Shirts declared a $0.75 cash dividend per share for shareholders owning company stock on July 10. The checks will be issued on July 15. What are the dates of declaration, record, and payment?
31) Team Shirts had an exceptional second quarter and earned net income of $250,000. On August 1, the board of directors of Team Shirts declared a $1.00 per share cash dividend to be paid on August 15 to shareholders owning company stock on August 10. What are the dates of declaration, record, and payment?
32) On March 15, Team Shirts paid a cash dividend of $0.25 per share to its shareholders. There were 65,000 shares issued at the time. Team Shirts held 2,500 shares of treasury stock. What was the total dollar amount of the cash dividend?
33) On June 15, Team Shirts paid a cash dividend of $0.75 per share to common shareholders. There were 45,000 shares issued at the time. Team Shirts held 1,000 shares of treasury stock. Team Shirts also paid a dividend to preferred shareholders. There were 200 shares of 8%, $100 par preferred stock outstanding. What was the total dollar amount of the cash dividend?