Answer:
false
Explanation:
The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.
By the SEC (Securities and Exchange Commission). This is a government organization that exists to regulate stock markets by setting up rules, policing activity, and punishing violators.
The writing up of a plan with an explanation of why his idea is beneficial to the company is known as a business proposal.
<h3>What is a business proposal?</h3>
A business proposal simply means a document that's used by businesses to persuade someone about a product.
In this case, the board want him to write up a plan with an explanation of why his idea is beneficial to the company, a budget, and how he will use employees' time.
This is known as a business proposal.
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Answer:
Preferred Stock = $60,000 and $3.00
Common Stock = $100,000 and $1.25
Explanation:
Dividends
Preferred Stock has preference when it comes to dividends payments. The remaining dividends are then paid to Common Stockholders.
Preferred Stock dividend = 20,000 x $50 x 6% = $60,000
Common Stock dividend = $160,000 - $60,000 = $100,000
Dividends per share
Preferred Stock dividend = $60,000 ÷ 20,000 shares = $3.00
Common Stock dividend = $100,000 ÷ 80,000 shares = $1.25