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Serga [27]
3 years ago
12

XYZ Company has issued 10%, $100 par non-cumulative preferred stock. Two years ago, XYZ omitted its preferred dividend. Last yea

r, it paid a preferred dividend of $5 per share. This year, XYZ wishes to pay a common dividend. In order to make the distribution to common shareholders, each preferred share must be paid a dividend of:
Business
1 answer:
strojnjashka [21]3 years ago
4 0

Answer:

In order to make the distribution to common shareholders, each preferred share must be paid a dividend of:

$5 per share.

Explanation:

The preferred stock is non-cumulative.  This implies that XYZ's preferred stockholders are not being owed for the previous two year's dividend that was not paid.  Non-cumulative preferred stock does not attract dividend arrears whenever it was not declared.  It is cumulative preferred stock that attracts such arrears to be carried forward until they are paid.

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3 years ago
All over-the-counter receipts are entered in cash registers.
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Answer:

(a) Physical controls

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Explanation:

(a) All over-the-counter receipts are entered in cash registers. That is an example of the physical controls principle.

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4 0
2 years ago
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The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sol
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"Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but
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Answer:

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3 years ago
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