chapter 13 – lecture clip 3

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February 7, 2022 at 3:58 pm #648241
johnbriane
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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
February 8, 2022 at 7:53 am #648269
John Moffat
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It 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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