A diamond cuz you can get 50000 bottles of water if you wanted
Answer:
B) $2,600
Explanation:
Retained earnings in each is computed as net income minus dividends
In year 2016 retained earnings=$1200-$200=$1000
In year 2017 retained earnings=2016 retained earnings+net income-dividends
2017 retained earnings=$1000-$500+$0=$500
2018 retained earnings=2017 retained earnings+net income-dividends
2018 retained earnings=$500+$2,300-$200
2018 retained earnings=$2,600
Answer:
b) $10.000
Explanation:
In order to find the total preferred stock dividend we need to have the rate of the dividend, the par value of the preferred stock and the number of preferred stocks. In this question we are given the rate of the dividend of preferred stock which is 5%, we are also given the par value of the preferred stock which is $10 and we are also given the total number of preferred stock which is 20,000.
To find out how much dividend was distributed to preferred shareholders we need to use the formula
Rate of dividend*par value of stock * number of preferred shares
0.05*10*20,000= 10,000
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