PL A dividend of $.65 per common share has been declared. There are 320 million

Question

PL A dividend of $.65 per common share has been declared. There are 320 million shares outstanding and 35 million shares of treasury stock On the corporation's books, dividends payable is: increased on the payment date O increased on the record date O decreased on the payment date O decreased on the declaration date Question 6 2 pts Your friend has borrowed money to buy a car, but if she doesn't make payments on the loan, the lende can take her car. The car is O an unsecured loan O a secured loan O collateral O a mortgage O the par value

Explanation / Answer

Question 1) Dividend is paid to the total shareholders outstanding as on the record date less the treasurry stock if any. Dividend is paid in two process, First the dividend is declared and then shares outstanding on record date is eligible for receipt of the same and payment is made after the dividend declared. So it means when the dividend is declared than it will increase on the record date. so, Answer = Option 2 = Increase on the record date Question 2) When we borrowed a car it means bank give us the money against buy a car. Car is always a collateral against loan payment, so if the any one not make the payment against loan than the lender can take the car. Answer = Option 3 = Collateral

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