Determining the dividend per share of company
Collins Inc's latest net income was $1 million, and it had 200,000 shares outstanding. The company wants to pay out 40% of its income. What dividend per share should the company declare?
$1.60 $1.70 $1.80 $1.90 $2.00
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Prepare the consolidated journal entries, the consolidated worksheet and the consolidated financial statements for the year ended 30 June 2012.
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