Computation of Amount of Dividend Stockholders of a Company

Question

XYZ Corporation declared the regular quarterly dividend of $2 per share. XYZ had issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. What would be the total amount of the dividend?

Summary

This question belongs to accounting and discusses about computation total amount of dividend go to the common stockholders.

Total word count: 24