Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12 % annual dividend and a $100 par value and was sold at $97.50 per shar
Answer:
jul-01 Prepaid expenses 13.620
jul-01 Cash 13.620
dec-31 Insurance policy expense 2.270
dec-31 Prepaid expenses 2.270
Explanation:
Paid 1-jul 13620
Three Years 13.620 36 months
Monthly 378 month
Current Year 2.270 6 months
jul-01 Prepaid expenses 13.620
jul-01 Cash 13.620
dec-31 Insurance policy expense 2.270
dec-31 Prepaid expenses 2.270
Answer:
$275,000
Explanation:
The computation of the value that should the land be recorded is shown below:
= Value at which rits accepted the counteroffer of the seller
= $275,000
Hence, the alue that should the land be recorded is $275,000
Basically it records the cost value as per the cost concept
The same should be considered
I'm going with false. Let me know.
Answer:
true the investors expect to earn on those funds
