Answer:
$126,000
Explanation:
Given:
Total outstanding stocks = 600,000
Price per share of common stock = $2
Number of preferred stock = 120,000
Interest rate = 8%
Stock Value = $5
Outstanding year = 3
Total Amount of preferred stock = Principle × Rate × Time
or
Total Amount of preferred stock = ( 120,000 × $5 ) × 0.08 × 3 = $144,000
Since,
The preferred stock value is more than the amount distributed
Hence,
the total amount distributed i.e $126,000 will be received by the preferred stockholders
Answer:
The correct answer is C
Explanation:
Environmental Circumstance is the term which is defined as the any circumstances which is forming the grounds of any alleged violation or liability under the Law or Permit of Environmental.
Under this situation, both of them started a business, which performed well in its 1st year, but in the second year the business does not perform well due to the horrible record of team and poor economic conditions. Therefore, this condition will be explained as the environmental circumstances are tough to control as well as are dynamic in nature.
This is what they call <span>condition precedent. The party's task to </span><span>perform arise after a specific event happens. However, when the event never happens, </span><span>the duty of the party to </span>perform will<span> never arise. The parties are discharged from the contract.</span><span> </span>
