A firms cash dividends were 3.96 per share of common stock, Ask an Expert

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A firm's cash dividends were $3.96 per share of common stock for calendar 2006. In 2007 the stock was split 3 for 1, and in 2008 a 10% stock dividend was issued. Dividends per share for 2006, to be reported in the firm's annual report for 2008, are:

A) $3.96

B) $1.45

C) $1.32

D) $1.20

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M962689

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