Answer:
$0
Explanation:
The computation of the reporting of the policy cars is shown below:
As we know that the policy cars are normally recorded and recognized as an expenditure in the funds of the government
Therefore the carrying value should be zero as the expenses amount is also not mentioned in the question so zero amount should be recognized and reported
Answer:
$8.00
Explanation:
Preference Stock has preference when it comes to payment of dividends. The remainder is paid to common stock. When the preference stocks are cumulative, the previous dividends outstanding have to be paid up before current year dividends.
Preference Dividend :
Preference Dividend = 20,000 shares x $2 = $40,000
Thus in current year $80,000 dividend ($40,000 x 2) need to be paid up
Common Stock Dividend :
Dividend = $400,000 - $80,000 = $320,000
Dividend per stock = $320,000 ÷ 40,000 shares = $8.00
therefore,
Each outstanding share of common stock would receive: $8.00
If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.
Divide 5940 between x, y and z in such a way
that x has twice as much as y, who has half as much as z.
How much does each receive?
x + y + z = 5,940
x = 2y, 2y = z
y = 1,188
x receives 2,376, y receives 1,188 and z receives 2,376.