Answer:
$71,500
Explanation:
Given that,
Preferred stock = 9,700 shares of $100 par value
Common stock outstanding = 38,800 of $1 par value
Total dividend declared and paid in 2018 worth of $120,000.
Firstly, we need to calculate the preferred stock dividend:
= 9,700 × $100 × 5%
= $48,500
Now, the amount of dividend available to common stockholder is determined by deducting the preferred stock dividend from the total dividend paid.
Amount of dividends received by the common stockholders in 2018:
= Total dividend paid -Preferred stock dividend
= $120,000 - $48,500
= $71,500
Answer:
It is $329,209.31
Explanation:
Please attached sheet for computation.
Answer:
c.- 93,700 // 0
Explanation:
As it lacks commercial substance neither Horton nor the other parti will recognize gain/loss on the trade.
Horton will recognize the new land for the value traded without a gain/loss entry:
Land 93,700 (88,400 + 5,300 cash) debit
Cash 5,300 credit
Land 88,400 credit
--to record trade of land without commercial subtance--
Answer:
Net Capital Spending = $72,000
Explanation:
Formula for Net capital Spending:
Net Capital Spending = Net Increase in Fixed Asset + Depreciation
Net Capital Spending = ( $243,600 - $234,100 ) + $62,500
Net Capital Spending = $9,500 + $62,500
Net Capital Spending = $72,000
Sale of asset is already accounted for in the ending net balance of fixed assets.
What kind of business organization will best serve his or her interests.
All of the other decisions are very important, but unless you know what type of organization you want it will be hard to make other more important decisions about the business.
