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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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The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to
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Answer:

Printer set up error

Explanation:

The best internal control to detect this error, is to do a quick check on the printer set.

8 0
3 years ago
Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (
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Answer:

A. $7,350

Explanation:

The computation of the vested benefit is shown below:

= Average salary × given percentage × five years × vesting percentage

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Hence, the correct option is A.

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3 years ago
James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon
NARA [144]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

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3 years ago
Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard
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Answer:

Labor Rate Variance = - $1,188 Unfavorable

Explanation:

Provided labor hours for each radio = 0.9

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Actual labor rate = $48,708/6,600 = $7.38

Labor Rate Variance = (Standard Rate - Actual Rate) \times Actual Hours

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The overall responsibility of health information management professional is
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