sir in this chapter of the lecture 3 when calculating the dividend per share im not sure on how did we arrive at $600,000 ?
thank you
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chapter 13 - lecture clip 3
4y ago#1It is not $600,000, it is 600,000 shares.
The nominal value of the shares on the SOFP is $60,000. The shares have a nominal value of $0.10 per share. Therefore there are 60,000 / 0.10 = 600,000 shares.
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