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The shareholders' equity of Kramer Industries includes the data shown below. During 2022, cash dividends of $170 million were declared. Dividends were not declared in 2020 or 2021. ($ in millions)Common stock $360 Paid-in capital-excess of par, common 1,440 Preferred stock, 10%, nonparticipating 180 Paid-in capital-excess of par, preferred 360
Required:
Problem 1: Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristics of the preferred stock. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
wasson widget company is contemplating the production and sale of a new widget. projected sales are 187500 or 75000
Lockard Company purchased machinery on January 1, 2010 for 80,000. Compute 2010 depreciation expense using the straight-line method
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Joseph Mosca and 23 others boarded a sportfishing boat for a day of fishing off San Clemente Island. David Lichtenwalter, one of the fishermen, was fishing off.
Key decisions made: Describe a few of the decisions made in the simulation that were critical to the overall success or failure of the project.
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Calculate the depreciation expense under the units-of-production method, assuming the actual number of units produced was 70,620 in 2016 and 118,160 in 2017
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Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2017
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