You like to convince people do what you want for the benefit of everyone.
Answer:
a.
Explanation:
Cash (400*40) Dr.$16,000
Loss on sale of stock investments (400*40-400*600 Dr.$8,000
Stock Investments (400*60) Cr.$24,000
As the stock was sold $20 below its purchase price therefore $20*400 will be recorded as loss on investments.The loss on investments and Cash will be debited and investments have decreased therefore credited.
Which motivation theory might explain one’s need for financial security? I would say humanistic theory of motivation because I would consider it a basic human right to have financial security.
Answer:
$5,750
Explanation:
Calculation to determine How much of the 2020 dividend was distributed to preferred shareholders
Dividend distributed to preferred shareholders=11500 shares *$10 par non-cumulative preferred stock*5%
Dividend distributed to preferred shareholders=$5,750
Therefore Dividend distributed to preferred shareholders is $5,750
