Answer:
d. have the right to receive dividends only in the years the board of directors declares dividends.
Explanation:
Preferred shareholders<u> have the right to receive dividends in the priority to the common shareholders of the company unit. </u> In other words, if there is sufficient funds with the company to declare dividends both to preferred and common shareholders, then in that case, preferred shareholders will be entitled the right to receive dividends first, and remaining amount will be distributed to common shareholders. Only that, they have this right only when the board of directors declares dividends.
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The amount of depreciation for the second full year, using the double-declining-balance method is $20,400.
<h3>What is the amount of depreciation in the second year?</h3>
Depreciation is a method used in expensing the value of an asset.
Double declining depreciation expense = [2 x (1/useful life of the asset)] x cost of the asset
Depreciation expense in year 1 = 2/5 x $85,000 = $34,000
Book value at the beginning of year 2 = $85,000 - $34,000 = $51,000
Depreciation expense in year 2 = 2/5 x $51,000 = $20,400
To learn more about depreciation, please check: brainly.com/question/6982430
Answer:
They create the money they lend to borrowers.
Explanation:
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(Are you talking about commercial banks?)
he exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. ... In other words, each person in a contract must promise to do something.
