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Reika [66]
3 years ago
8

BK enterprises neither sold nor repurchased any shares of stock during the year. The firm had annual sales of $7202 depreciation

of $1196, cost of goods sold of $4509, intrest expense of $318, taxes of $248, beginning of the year shareholders equity of $4808 and end of year shareholders equity of $4922. What is the amount paid during the year
Business
1 answer:
Studentka2010 [4]3 years ago
7 0
Here’s the answer
Hope it helps

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8 0
4 years ago
Tamarisk, Inc. has 12000 shares of 5%, $100 par value, non-cumulative preferred stock and 48000 shares of $1 par value common st
hjlf

Answer:

$84,000

Explanation:

preference share dividend is at 5% on $100 par value. The  number of preference shares is 12,000 shares ( non cumulative)

The year 2017 preference share dividend pay out is 5% of 100 multiplied by 12,000 = $60,000

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144,000 minus 60,000 = $84,000

Non cumulative preference shares dividend are paid first for the year the company declares dividend. The dividend is not cumulative ( prior years dividend for which company did not declare dividend are forfeited).

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7 0
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