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3 years ago

If a corporation has two classes of common stock, what is typically unique about the second or class b common stock?

1 answer:

5 0

If a corporation has two classes of common stock, the unique thing about the second or class b common stock would be: <span>It has inferior dividend payments.
</span>Class b commons stock tend to be cheaper compared to class A common stock. Of course, to balance it out, the Company will give more dividend to the type A compared to the type B common stock

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The following information relates to a company’s accounts receivable:

notka56 [123]

Answer:

1. $31,000

2. $40,000

Explanation:

1. Computation of bad debt expenses for the year

Bad debt expenses = Credit sales × Bad debts expenses

= $1,550,000 × 2%

= $31,000

2. Computation of year end balance

Year end balance = Beginning balance + Bad debt expense - Written off

= $31,000 + $31,000 - $22,000

= $40,000

Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.

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3 years ago

Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma

HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

To Common stock $50,000 (5,000 shares × $10)

To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0

3 years ago

Beta LLC has decided to change its promotion and pay policies for technical people who do not wish to become managers. This will

daser333 [38]

According to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is <u>recognizing the need for change</u>.

<h3>What are the steps of the change process?</h3>

The change process involves the following steps:

Diagnosing the problem
Assessing the motivation or need and capacity for change
Assessing the resources and motivation of the change agent
Establishing change objectives and strategies
Determining the role of the change agent
Implementing the changes.

Thus, according to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is <u>recognizing the need for change</u>.

Learn more about the steps of the change process at brainly.com/question/5689601

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2 years ago

What is most often the basis for racist behavior in the United States? A. ignorance about other races B. superiority of certain

Burka [1]

B. Superiority of certain races. Which often results in discrimination and prejudice towards people based on their race or ethnicity

7 0

3 years ago

Read 2 more answers

Curtain Co. paid dividends of $12,000; $17,000; and $18,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,3

Bezzdna [24]

Answer:

$2,150

Explanation:

Annual cumulative preferred stock dividend = 2,300 × $100 × 6.5% = $14,950

Cumulative preferred stock dividend carried forward to year 2 = $14,950 - $12,000 = $2,950

Cumulative preferred stock dividend payable in year 2 = $14,950 + $2,950 = $17,900

Cumulative preferred stock dividend carried forward to year 3 = $17,900 - $17,000 = $900

Cumulative preferred stock dividend payable in year 3 = $14,950 + $900 = $15,850

Dividend received by common shareholders during Year 3 = $18,000 - $15,850 = $2,150

3 0

3 years ago