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VMariaS [17]
3 years ago
6

Alto Company issued 7% preferred stock with a $100 par value. This means that: Multiple Choice Only 7% of the total paid-in capi

tal can be preferred stock. Preferred shareholders are entitled to 7% of the annual income. The amount of the potential dividend is $7 per year per preferred share. Preferred shareholders have a guaranteed dividend. The market price per share will approximate $100 per share.
Business
1 answer:
Kobotan [32]3 years ago
4 0

Answer:

The amount of the potential dividend is $7 per year per preferred share.  [$100 x 7%] = $7

Explanation:

The preferred stockholder will receive $ 7 per share held each year provided there are sufficient net income to distribute those dividend.

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For federal tax purposes, which of the following is true regarding lump-sum life insurance benefits?
Lorico [155]

Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.

<h3>What is tax?</h3>

A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.

For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.

Learn more about tax on:

brainly.com/question/9437038

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2 years ago
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Anarel [89]

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C. Geraldo will be able to sell the beach house in North Carolina through attachment jurisdiction, but he must return to Bethenny any funds obtained in excess of amounts owed

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kifflom [539]

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less

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