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Helen owns 10.0% of the stock of the Median Corporation. If Median makes a dividend payment of $29 million paid proportionally to its shareholders, how much of this amount would Helen receive, disregarding tax

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abiolataiwo2015

Answer:

$2,900,000

Explanation:

Calculation for how much of this amount would Helen receive, disregarding tax

Using this formula

Amount to receive=Stock percentage*Dividend

Let plug in the formula

Amount to receive=0.10 × $29,000,000

Amount to receive=$2,900,000

Therefore how much of this amount would Helen receive, disregarding tax is $2,900,000

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