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Category: Accounting
Dividends per share Lasers4U Company has 10,000 shares of 2% cumulative preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends: Year 1 $18,000 Year 2 7,500 Year 3 35,000 Determine the dividends per share for preferred and common stock for each year.
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Category: Accounting
Describe the two distinct obligations incurred by a corporation when issuing bonds.
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Category: Accounting
An owner of 1,000 shares of Simmons Company common stock receives a stock dividend of 6 shares. a. What is the effect of the stock dividend on the stockholder's proportionate interest (equity) in the corporation?
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Category: Accounting
Dividends per share Hays-Smith Company has 18,000 shares of 4% cumulative preferred stock of $125 par and 50,000 shares of $40 par common stock. The following amounts were distributed as dividends: Year 1 $ 72,000 Year 2 125,000 Year 3 160,000 Determine the dividends per share for preferred and common stock for each year.
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Category: Accounting
Does a discounted note payable provide credit without interest? Discuss.
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