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finlep [7]
3 years ago
11

larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the

election of its directors, who are responsible for managing the company and achieving the company’s objectives. True or False: Larry will receive dividends before preferred stockholders.
Business
1 answer:
Nataly [62]3 years ago
6 0

Answer:

False

Explanation:

Preferred shareholders are category of shareholders of company that have priority over the income of the company. This implies that whenever dividend is declared, preferred shareholders are paid first before common shareholders are paid.

This means that common shareholders are paid dividends whatever is left out of dividends declared after preferred shareholders have been paid.

Therefore, Larry will NOT receive dividends before preferred stockholders.

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Which of the following statements is correct? The journal entry to record bad debt expense requires a debit to bad debt expense
boyakko [2]

Answer:

This first statement it's to record an estimation of uncollectible accounts

  • The journal entry to record bad debt expense requires a debit to bad debt expense and a credit to allowance for doubtful accounts.

Explanation:

When the company determined the percentage of total amount of accounts receivables as uncollectible, the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.

The other way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount  it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduce in the same amount, less assets.

4 0
3 years ago
The formula for calculating the present value factor for an annuity of $1 is a. Amount to Be Invested/Equal Annual Net Cash Flow
Rus_ich [418]

Answer:

a. Amount to Be Invested/Equal Annual Net Cash Flows

Explanation:

The formula to calculate the present value factor by considering annuity is shown below:

= Invested amount ÷ Equally Annual net cash flows

As an annuity is a set of payments made at the equal periods

Simply we divide the invested amount by the equal amount of annual net cash flows so that the Present value factor of an annuity can be computed

4 0
3 years ago
Consider the following comments about absorption- and variable-costing income statements:
GrogVix [38]

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

7 0
2 years ago
In the exact moment you run out of laundry detergent and realize you need to pick some up at the store, you are in the ________
shutvik [7]
In the exact moment you run out of laundry detergent and realize you need to pick some up at the store, you are in the problem recognition stage of the buying decision process. The problem recognition stage is realizing you have to make the purchase versus deciding to make the purchase of something. 
3 0
3 years ago
Please select the word from the list that best fits the definition Easily expresses their feelings
qwelly [4]

it is intrapersonal, and i know that for a fact.

7 0
3 years ago
Read 2 more answers
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