C Corporation has two classes of stock outstanding: • 10,000 shares of $30 par value, 6% noncumulative preferred stock • 88,000 shares of $1 par value, common stock. In 2013 the company paid out $36,000 in total cash dividends to all stockholders. In 2012, the yield on common stock was 2%. What total cash dividends […]
On January 1, 2010, Broker Corp. issued $3,000,000 par value 12%, 10 year bonds which pay interest semiannually each June 30 and December 31. If the market rate of interest at issuance was 8%, what was the issue price of the bonds? a. $3,815,420 b. $2,311,805 c. $3,000,000 d. $3,339,084 Looking for a Similar […]
A company reported total stockholders’ equity of $340,000 on its balance sheet dated December 31, 2015. During the year ended December 31, 2016, the company reported net income of $40,000, declared and paid a cash dividend of $8,000, declared and distributed a 10% stock dividend with a $10,000 total market value, purchased treasury stock costing […]
Bold Company’s 2010 income statement reported total sales revenue of $250,000. During 2010, accounts receivable decreased by $20,000 and accounts payable increased $10,000. How much cash was collected from customers during 2010? Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
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