2B6M KALAMAZOO INC. HAS ISSUED 25,000 SHARES OF ITS AUTHORIZED 50,000...

191.

CSO: 2B6f

LOS: 2B6m

Kalamazoo Inc. has issued 25,000 shares of its authorized 50,000 shares of common

stock. There are 5,000 shares of common stock that have been repurchased and are

classified as treasury stock. Kalamazoo has 10,000 shares of preferred stock. If a $0.60

per share dividend has been authorized on its common stock, what will be the total

common stock dividend payment?

a.

$12,000.

b.

$15,000.

c.

$21,000.

d.

$30,000.