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sesenic [268]
1 year ago
15

Question content area preferred stockholders must receive their current-year dividends before the common stockholders can receiv

e any dividends. true false
Business
1 answer:
Semmy [17]1 year ago
4 0

It is a true statement that the preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends.

<h3>What is a preferred stockholders?</h3>

These are the owners of the preferred stock that is treated as a class of stock that granted certain rights that differ from common stocks.

The preferred shareholders have higher priority over a company's income which makes them being are paid dividends before the common shareholders. The common stockholders are last in line when it comes to company assets which makes them being paid out after creditors, bondholders, and preferred shareholders.

Therefore, It is a true statement that the preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends.

Read more about preferred stockholders

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A Notary Signing Agent has been providing signing services will no incidents for over 10 years without having undergone a backgr
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he or she don't make any mistakes

4 0
3 years ago
Simon Company's year-end balance sheets follow.
Zolol [24]

Answer:

1) current ratio = current assets / current liabilities

current assets include cash + accounts receivable + prepaid expenses + inventory

current liabilities include liabilities and equity amounts payable

  • current ratio 2015 = ($34,254 + $45,211 + $49,629 + $3,960) / $47,057 = 2.83
  • current ratio 2016 = ($32,545 + $58,094 + $76,014 + $8,629) / $67,377 = 2.60
  • current ratio 2017 = ($27,286 + $79,083 + $98,417 + $9,056) / $119,855 = 1.78

2) acid test ratio = (current assets - inventory) / current liabilities

  • acid test ratio 2015 = ($34,254 + $45,211 + $3,960) / $47,057 = 1.77
  • acid test ratio 2016 = ($32,545 + $58,094 + $8,629) / $67,377 = 1.47
  • acid test ratio 2017 = ($27,286 + $79,083 + $9,056) / $119,855 = 0.96

6 0
3 years ago
The partnership of James and Jose agree that the partners will share profits and losses in a 80% to 20% ratio, respectively. Ass
guajiro [1.7K]

Profits should be divided among the partners according to their share of the ownership, as specified in their partnership agreement.

<h3>The partnership agreement</h3>

A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities. In a general partnership company, all members share both profits and liabilities. Professionals like doctors and lawyers often form a limited liability partnership.

If there is no written or oral agreement among the partners, then under common law, each partner is to receive equal profits and losses.

The ability of each partner to bind the partnership to contracts is called mutual agency.

To learn more about  partnership agreement visit the link

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4 0
2 years ago
A restaurant owner purchases frozen shrimp from an unapproved vendor at a discounted price. which food defense principle has bee
Marysya12 [62]

Answer: When a restaurant owner purchases frozen shrimp from an unapproved vendor at a discount price, the food defense principle that has been violated is assurance/assure.  The owner has to make sure that the food is from an approved vendor to ensure the quality of the shrimp and make it was handled and frozen properly.

4 0
4 years ago
Kirk Custodial Service and Green Energy Company enter into an oral contract under which Kirk agrees to provide custodial service
Troyanec [42]

Answer: D) none of the choices.

Explanation:

None of the choices listed can enforce the contract. Contracts are made as a legal requirement for parties to fulfil the duties that they promised they would in an agreement.

As such, the legality and obligations of the contract can be enforced by the Courts who preside over legal matters. Parties cannot do this as they lack the necessary legal authority.

8 0
4 years ago
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