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nalin [4]
3 years ago
12

Sparks Corporation has 3,000 shares of 8%, $100 par value preferred stock outstanding at December 31, 2017. At December 31, 2017

, the company declared a $105,000 cash dividend..
Business
1 answer:
Korvikt [17]3 years ago
7 0

Answer:

We can assume that Sparks Corporation is going to pay preferred stockholders first:

preferred stock dividends = $100 x 8% x 3,000 = $24,000

If the corporation doesn't owe any previous dividends to preferred stockholders, then the remaining $81,000 (= $105,000 - $24,000) should be distributed to common stockholders.

Each preferred stock will receive a $8 dividend. I don't know the amount of outstanding common stock, so it is not possible to determine how much dividend will be distributed for each common stock outstanding.

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A project management document that allows you to identify the scope, scale, and core details of your upcoming design project.
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While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a?
Sedaia [141]

While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a Credit to cash, debit to bank fees expense.

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2 years ago
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Aleksandr-060686 [28]

Answer:

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In certain cases, depending on the audience, you might not need and multimedia slide at all!

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And apart from that, it the times of technical failures, where you cannot use the computer or any electrical devices, you'll have to use traditional methods too.

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