1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bezimeni [28]
3 years ago
7

On January 2, 2010, Porter Corporation issued 30,000 shares of 6% cumulative preferred stock at $100 par value. On December 31,

2013, Porter Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
Business
1 answer:
levacccp [35]3 years ago
5 0

Answer:

$720,000

Explanation:

The computation of the dividend received by the preferred stockholders is shown below:

= Number of shares issued × cumulative dividend percentage × par value per share × number of shares

= 30,000 shares × 6% × $100 × 4 years

= $720,000

By applying the above formula we can get the dividend received by the preference shareholders

You might be interested in
The average person changes career how many times in a lifetime?
IgorLugansk [536]

Answer:

<h2>Statistics Suggest You Will Change Careers More Frequently</h2><h3>The average person will change careers 5-7 times during their working life according to career change statistics. With an ever increasing number of career choices, 30% of the workforce will now change careers or jobs every 12 months.</h3>
7 0
3 years ago
Read 2 more answers
The following note transactions occurred during the year for Towell Company: Nov. 10 Towell issued a 90-day, 9% note payable for
Pani-rosa [81]

Answer: See explanation

Explanation:

The general journal entries necessary to adjust the interest accounts at December 31 will be:

1. December 31:

Debit: Interest Expenses = $8,000 × 9% × 51/ 360 = $102

Credit: Interest payable = $102

(To accrue interest expenses for the note issued on November 10).

2. December 31:

Debit: Interest Expenses = $12,000 × 10% ×30/360 = $120

Credit: Interest payable = $120

(To accrue interest expenses for the note issued on December 1)

3. December 31:

Debit: Interest Expenses = $12,000 × 10% × 11/360 = $36.67

Credit: Interest payable = $36.67

(To accrue interest expenses for the note issued on December 20).

3 0
2 years ago
Job cost sheets can provide information to managers on unit cost trends, the cost impact of continuous improvement in the manufa
Lera25 [3.4K]

Answer:

Yes its True ✅

5 0
3 years ago
The mandala of jnanadakini shows what kind of balance?
Tems11 [23]

Answer:

radial

Explanation:

step by step explanation

8 0
2 years ago
SOMEONE PLEASE HELP ME ASAP PLEASE!!!!!​
natka813 [3]

Answer:

A. it will go up

Explanation:

thats the answer

8 0
3 years ago
Other questions:
  • Jon needed to purchase new tires for his SUV. He consulted Consumer Reports to see how the various brands were rated. Jon consul
    10·1 answer
  • Provide an example of a real-world industry or market that would be described by economists as perfectly competitive. (hint: wha
    10·1 answer
  • By encouraging employees to experiment with new innovations that are of interest to them, bezos is supporting which of scott ber
    5·1 answer
  • In order for a driver to graduate from a learner’s license to an operator’s license, how many hours of driving need to be docume
    10·1 answer
  • just paid $2.55 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be
    13·1 answer
  • In double-entry accounting, where should you record money that is leaving your company to pay bills?
    14·1 answer
  • the ABC Company has a monthly collected balance of $600,000. Its bank pays an earning credit rate of 0.75%. The Reserve Requirem
    7·1 answer
  • Each country must answer three economic questions.<br>Define and describe each economic question
    8·1 answer
  • A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,
    10·1 answer
  • Hi do we need a pets permit when traveling on southwest airline on a domestic flight ?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!