Answer:
So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.
Explanation:
A non cumulative preferred stock is a kind of stock that has a preference in terms of dividend payment over ordinary/common stock. This means that the dividend on the preferred stock is paid first and any remaining amount after dividend payment to this stock is distributable among common stockholders. Furthermore, in case dividends are not paid in a particular year, that year's dividends are not payable in future in case the stock is a non cumulative one. So, the dividends paid to non cumulative preferred stock in 2010 will be,
Dividend per year - Preferred stock = 10000 * 10 * 0.05 = $5000
So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.
Answer:
$311,100
Explanation:
Solution
Recall that:
Assume Chester corp downsized the size of their workforce by = %
The exit interviews cost estimated = 100
Additional normal costs of separation = $5000
Now,
The Total Employee = 305
The Down Sizing = 20%
Thus,
The Total Employee = 305 x 20% = 61 employees
so,
The Separation cost per employees = $5000
The Exit interview cost = $100
Total cost = $5,100
Now,
The total overall cost of separation = 61 employees x total cost of separation per employees
Which is,
= 61 x 5100 = = $311,100
I believe the answer is C. Hope this helped!
Based on accounting principles, an accumulated deficit means a company has "<u>accumulated more net losses than net income."</u>
This is because the accumulated deficit is generally considered to be a "<u>negative retained earnings balance."</u>
In other words, accumulated deficit is the total summation of the losses and dividends paid by a company that supersedes the profits gained by the company.
Hence, in this case, it is concluded that the correct answer is option B. "<u>accumulated more net losses than net income."</u>
Learn more here: brainly.com/question/16551961
Based on the information given the appropriate journal entry to record the redemption of the bonds is:
Casey Company Journal entry
June 30, 2021
Debit Bonds payable $500,000
Debit Premium on bonds payable $8,000
($508,000-$500.000)
Credit Gain on bond redemption $28,000
($508,000 - $480,000)
Credit Cash $480,000
($500,000 x 96%)
(To record redemption of the bonds)
Learn more here:brainly.com/question/23875796
