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Leno4ka [110]
1 year ago
15

Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock

Business
1 answer:
uysha [10]1 year ago
5 0

Stockton Corporation violated the rights of a stockholder who owned one share of common stock by paying the stockholder a smaller dividend per share than another common stockholder or rejecting the stockholder's sale of stock on an organized exchange and the stockholder's request to vote via proxy because she was home sick.

<h3>What are the reasons for violation?</h3>

A shareholder is a person who purchases shares in a firm that is publicly traded. They are known as owners and are qualified to receive dividends. Dividends represent a percentage of income.

Dividends paid to common shareholders are equal for all.

Greater preference is given to preferred shareholders than to regular stockholders.

To learn more about this Stockton problem visit:

brainly.com/question/22950605

#SPJ4

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Selected information from Gerrard, Inc.’s financial activities in the year 2004 was as follows: Net income was $330,000. The tax
ValentinkaMS [17]

Answer:

$0.26

Explanation:

diluted earnings per share (EPS) = (net income - preferred dividends) / (weighted average outstanding shares + diluted shares)

net income = $330,000

preferred dividends = 2,000 x $500 x 8% = $80,000. Since the preferred stocks are convertible, they will be considered diluted shares. Therefore, no preferred dividends will be included in the calculation.

weighted average outstanding shares:

  • January 1 = 700,000 x 12/12 = 700,000
  • March 1 = 200,000 x 10/12 = 166,666.7
  • total weighted average = 866,666.7

diluted shares = 2,000 preferred stocks x 200 = 400,000

diluted EPS = $330,000 / (866,666.7 + 400,000) = $0.260526247 ≈ $0.26

8 0
3 years ago
Assuming a binding price floor, the more inelastic the supply and the demand curves are, the:1'smaller the shortage a price floo
KATRIN_1 [288]

Answer:

Option "3" is the correct answer.

Explanation:

Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.

3 0
3 years ago
Read 2 more answers
a. a marketing firm is looking for a candidate with a business degree and at least five years of work experience. multiple choic
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A. A marketing company is seeking an applicant with a business degree and at least five years of professional experience. An intersection.

B. A family has made the decision to buy a Honda or Toyota minivan. a union.

<h3><u>What exactly is a marketing firm?</u></h3>

Effective marketing strategies are developed and put into action with the aid of marketing agencies. This frequently starts with marketing research to determine what aspects of the current marketing strategy are working and which ones are not, then moves on to demographic research to develop an accurate picture of the ideal client.

A marketing company can help you create and implement a plan for specific marketing campaigns, assess their effectiveness, and develop an overall marketing strategy once it has a clear understanding of who you are marketing to and what you have already tried to do to reach them.

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7 0
11 months ago
Q 1 (Cranberries) International Cranberry Uncooperative (ICU) is a competitor to the National Cranberry Cooperative (NCC). At IC
klemol [59]

Answer: 100 barrels per hour.

Explanation:

4 0
3 years ago
Western Bank &amp; Trust purchased land and a building for the lump sum of $3 million dollars. To get the maximum tax deduction,
leonid [27]

Answer:

Explanation:

Because land never depreciates, Western Bank & Trust wanted to distribute a higher percentage of the purchase price to the building, rather than the land. By allocating 90% of the purchase price to the building, rather than a more accurate 70%, Western Bank & Trust increases the depreciation amount of the building each year. For tax purposes, the IRS requires that the Modified Accelerated Cost Recovery System (MACRS) be used as the depreciation method used by companies. Under this method, the IRS specifies the useful life for a specific asset. MACRS also ignores residual value of an asset at the end of its useful life. By stating that the building was worth 90% of the total purchase price, Western Bank is attempting to increase its tax deduction from the IRS, because only the building depreciates, not the land. This improper allocation of the total purchase amount violates GAAP principles, which require that accounting information be “relevant and have faithful representation.” The information must be “complete, neutral, and free from error” (Nobles, Mattison, & Matsumura, 2014). For Western Bank to provide complete, neutral, and free from error information, it should record the transaction honestly: 70% to the building, 30% to the land. This dishonest representation is harmful to the federal government in that it is allowing Western Bank to take more money than what it is owed. If these kinds of situations happen on a large scale, it could have a huge impact on the economy in general. Source: Nobles, T., Mattison, B., & Matsumura, E. M. (2014). Horngren's Accounting, 10th Edition. Pearson Education, Inc. Student 2

3 0
3 years ago
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