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koban [17]
3 years ago
9

Chicago Company reported the following information at the end of the current year

Business
1 answer:
Nookie1986 [14]3 years ago
5 0

Answer:

37,000 common stock outstanding

preferred stock dividends = $82,000 x 10% = $8,200

Case A The preferred stock is noncumulative, the total amount of dividends is $32.000

  • dividends distributed to preferred stockholders = $8,200
  • dividends distributed to common stockholders = $32,000 - $8,200 = $23,800

since the preferred stocks are non-cumulative, if dividends are not paid during a certain they are "lost" and will not be recovered.

Case B The preferred stock is cumulative, the total amount of dividends is $24,600

  • dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
  • dividends distributed to common stockholders = $0

Case C The pretend stock is cumulative, the total amount of all dividends is $90,200

  • dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
  • dividends distributed to common stockholders = $90,200 - $24,600 = $65,600

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Answer:

a.

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b.

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c.

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Explanation:

a.

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b.

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Depreciation expense for the year = 3.1 * 4400  =  $13640

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3 years ago
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Answer:

A) Production deviance.

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In other word, it's a voluntary behaviour that violates organisation's norms.

Particularly, in this case, it's a production deviance, because not working right amount of hours will cause production problems, since that Andy works at a shoe manufacturing.

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