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givi [52]
3 years ago
10

Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum

ulative preferred stock. In 2016, West declared and paid dividends of $4,000. In 2017, West declared and paid dividends of $20,000. How much of the 2017 dividend was distributed to preferred shareholders?
Business
1 answer:
emmasim [6.3K]3 years ago
4 0

Answer:

$6,000

Explanation:

The computation of the dividend amount distributed to preferred shareholders is shown below:

= Number of non-cumulative preferred stock shares × par value per share × dividend rate

= 10,000 shares × $10 × 6%

= $6,000

In the case of the non-cumulative preferred stock, if there are dividend arrears, the same is not paid.

Simply we multiplied the preferred stock share by the par value and the dividend rate so that the estimated value can come

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Answer: <em>Spear-phishing</em><em> </em>is the type of attack that involves the hacker doing some research about you and makes the email more convincing.

Explanation:

The hackers who use spear-phishing are out there trying to steal from others. They attempt to steal important data, money, and the security of others. These hackers employ methods that impersonate someone to trick their friends and acquaintances so that they are more willing to read the message and do what is asked.

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What is one reason why a business may want to move entirely online?
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When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assu
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Explanation:

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If an existing asset is sold at a gain, and the gain is taxable, then the after-tax proceeds from this transaction would be equa
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Answer:

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Explanation:

An illustration is given below.  Company A received $70,000 from the sale of an Office Equipment with a tax basis of $40,000.  The capital gains tax rate is 20%.  How much would be the after-tax proceeds?  The net proceeds minus the tax basis would result in the capital gains of $30,000.  Then, the capital gains tax equals $6,000 ($30,000 * 20%).  Therefore, the after-tax proceeds would be $70,000 minus $6,000, which is equal to $64,000.

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2 years ago
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Answer:

the same

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Cheers.

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3 years ago
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