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laiz [17]
3 years ago
5

When crossett corporation was organized in january 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative pr

eferred stock and 50,000 shares of $20 par common stock. its earnings history is as follows: 2018, net loss of $35,000; 2019, net income of $125,000; 2020, net income of $215,000. the corporation did not pay a dividend in 2018?
Business
2 answers:
Leona [35]3 years ago
4 0

Answer:

No, the Crossett Corporation cannot pay a dividend for 2018.

Explanation:

A corporation can only distribute dividends when it makes a profit or if it has profit reserves held under retained earnings account.

Since Crossett Corporation was recently organized in 2018, it had no retained earnings, and since it did not make a profit during that year, it cannot pay dividends for 2018.

Vitek1552 [10]3 years ago
3 0

Answer: No, the corporation did not pay a dividend in 2018.

Explanation: The company would not have paid a dividend in 2018 because they had a net loss. Dividends are the profit of the corporation being divided amongst the owners (shareholders). Since there was no profit there would not be dividends.

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Answer:

Christiaan Huygens

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He published his work on the wave theory of light in the book called Treatise on Light in 1690 which was then seen as the opposite of what Newton (who was already wildly famous) had proposed.

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Which of the following concerns about the national debt are substantive? Check all that apply.
Levart [38]

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When the Government replaces a debt with another debt by means of Refinancing, they will probably be charged a higher interest rate because replacing debt with another debt is not generally ideal.

A higher interest rate means a higher repayment amount. Should the government keep paying higher and higher rates for debt, they'll have to reduce their spending on Investment. Investment creates Capital Goods such as machines and equipment. A reduction in Investment spending therefore reduces future generations' access to capital goods.

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Based on the scenario, Intack files a motion to have the case moved to federal court in New Mexico in which they claim that New Jersey lacks jurisdiction over the case in which made Intack not correct about their claims as they don’t have significant amount of business in the New Jersey and in addition, it could be expected that it is sued there.

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Find the answers below

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a. Sales ……………………………………. Budgeted Income Statement

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