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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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Jing Associates, LLC, a large law firm in Denver, is building a new office complex. To pay for the construction, Jing Associates

Alik [6]

Answer:

The security worth $5,615 today

Explanation:

Amount of Security = $6,750

Annual rate of return = 3.75%

number of years = 5 years

Future value = Present Value x ( 1 + rate of return )^number of years

Present Value = Future value / ( 1 + rate of return )^number of year

Present Value = $6,750 / ( 1 + 3.75% )^5

Present Value = $6,750 / ( 1 + 0.0375 )^5

Present Value = $6,750 / ( 1.0375 )^5

Present Value = $6,750 / 1.2021

Present Value = $5,615.17

Present Value of security is $5,615

4 0

3 years ago

The real estate contract for a specific property for use as an unlicensed petroleum sales operation was forced to terminate.

motikmotik

Answer: A. Impossibility of performance

Explanation:

Impossibility of contract is a doctrine where by a contract is rendered invalid on the bases of uncontrollable circumstances which renders performance of contract impossible. Impossibility of performance can be difficult to prove.

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3 years ago

When ziggurat enterprises was preparing to roll out a new performance management system, jenna, the human resource executive, in

tamaranim1 [39]

Answer:

list

Explanation:

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4 years ago

Decorative Concrete produces a concrete overlay for residential and commercial concrete flooring. Customers have complained that

forsale [732]

Answer:

Decorative Concrete

1. This contingent liability should be disclosed in a note only.

2. Decorative Concrete should not report any loss in its income statement, yet.

3. Decorative Concrete should not report any liability in its balance sheet, yet.

4. No entry should be recorded in the journal.

Explanation:

a) Data and Calculations:

Estimated loss = $1.1 and $4 million

Loss is probable but the loss cannot be reasonably estimated

b) Decorative Concrete cannot reasonably estimate the loss that may arise from the contingent liability. Therefore, it should only disclose the future event in a note to the financial statements. Accounting rules specify that Decorative Concrete should record this event as a contingent liability in its accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. At that time, a specific amount of loss will be recorded (debit) and a specific liability established (credit) in advance of the settlement. In this Decorative's case, only one condition is met.

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3 years ago

When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00

Viefleur [7K]

To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>

4 0

4 years ago