Answer:
a. Convertible, d. Noncumulative
Explanation:
The feature that it can be exchanges for common stock means that the holders of these preferred share have an option to convert their preferential holdings to common stock at and within predetermined period of time.
However since it says " the dividends in arrears are lost", it means that these preferred shares are non-cumulative. As the holder of this type of shares, you have no right to receive past dividends should the company begin to issue preferred dividends again. If the issuing company incurs losses in that year, it can choose to skip paying dividends on these convertible, non-cumulative preferred shares.
<span>Crystal corporation makes $2,000 payments every month for leasing office equipment. Crystal recorded a lease payment as an operating lease.
An operating lease is a lease that is commonly used for a short term basis and asset. The operating lease payment is found on the financial statement.
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Answer:
The correct answer would be option A, Restart the active directory database.
Explanation:
When there is an attack on organizational data or information systems, there are many measures that need to be taken to avoid such attacks to make sure that these attacks don't happen again and to check that all systems are working correctly or not. So in this regard, option A is the most appropriate one, because restarting a database will not help in reducing the possible attacks to an organizational data or information systems. Anti virus spyware, installing firewall and ensuring the working of all patches for an operating system and application are more important tasks to do in such situation.
Answer:<u><em>Excess Reserve = $ 27,000 - $ 22,000 = $ 5,000 </em></u>
Explanation:
Given:
Assets
:
Reserves = $27,000
Loans = $50,000
Securities = $33,000
Property = $200,000
Liabilities and net worth
:
Demand deposits = $110,000
Capital stock = $200,000
First we'll compute required reserve using the following formula:
Excess Reserves (ER) = Total Reserves - Required Reserves
where;
Required Reserves = the Required Reserve Ratio (RR) x DEPOSITS
Required Reserves = 0.20 x $ 110,000 = $ 22,000
∴
<u><em>Excess Reserve = $ 27,000 - $ 22,000 = $ 5,000 </em></u>
Answer:
wholly owned subsidiary
Explanation:
A wholly-owned subsidiary is a form of subsidiary arrangement, between two companies, whereby a company is completely owned or its whole stock is bought by another company often referred to as Parent Company after the arrangement or the agreement of the acquisition.
It is also characterized by having control over its resources and specific mission, also operates independently.
Hence, in this case, the right answer is a wholly owned subsidiary
