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katrin2010 [14]
3 years ago
14

Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 shares of no par value common

shares outstanding. In its first three years of operation, the company paid cash dividends as follows: Year 1: $8,000; Year 2: $18,000; and Year 3: $24,000.
The amount of dividends received by the preferred shareholders in year 2 was ____.
Business
1 answer:
Yakvenalex [24]3 years ago
6 0

Answer:

$8,000

Explanation:

The computation of the amount of dividend received by the preferred shareholders in year 2 is shown below:

Annual preferred dividend = Par value of preferred stock ×  Dividend rate on preferred stock

= 200,000 × 4%

= $8,000

By multiplying the par value with the dividend rate we can get the amount of dividend received and the same is shown above

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Answer:

=$ 4400

Explanation:

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For cork oak corporation: the value of the motor vehicle is 22,000

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"The Carla Vista Boat Company's bank statement for the month of November showed a balance per bank of $8,500. The company's Cash
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Answer:

Explanation:

                                    The Carla Boat Company

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                                     as at 30th November

Balance as per bank balance                                          $8,500

Add:  Uncredited payment                                              $6,480

Add:   Bank Charges                                                         $50

Add:  Returned Chq                                                           $700

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  Credit: Bank Account                                            $50

Being bank charges expenses for the month of Nov

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    Credit: Account Payable                                   $54

Being transposition error on Check No 138

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   Credit: Bank Account                                           $700

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Answer:

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