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xeze [42]
2 years ago
13

California Adventures issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of 2020. All remaining shares a

re common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $100,000 in 2021.
Business
1 answer:
never [62]2 years ago
3 0

Answer:

See below.

Explanation:

Since the preferred stock is not cumulative only the current years' dividend is payable on these stocks.

Preferred stock dividend = (5000 * 100) * 0.08 = $40,000

Of the declared dividend of $100,000,

Preferred Dividend = $40,000

Ordinary share dividend = $60,000

If the shares were cumulative, the prior year dividends would also be payable form the declared dividends bringing the total preferred dividend to $80,000.

Hope that helps.

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Answer:

Procedural

Explanation:

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It is more used in companies because it uses impartiality to forecast results, which increases the satisfaction of consumers, who feel relevant in the process.

6 0
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A surplus can be best defined as:
ohaa [14]

Answer:

c) Having money left over after meeting your expenses

Explanation:

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2 years ago
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Answer:

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8 0
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Answer:

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7 0
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GarryVolchara [31]

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