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Sabas Company has 20000 shares of $100 par, 2% cumulative perferred stock and 100000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1: 10000
Year 2: 45000
Year 3: 90000
Determine the dividends per share for the preferred and common stock for the third year.
a. 4.50 and .25
b. 3.25 and .25
c. 4.50 and .90
d. 2.00 and .25
Young Co. acquired a 60% interest in Tomlin Corp. on December 31, 2006 for $945,000. During 2007, Tomlin had net income of $600,000 and paid cash dividends of $150,000. At December 31, 2007, the balance in the investment account should be
Each student is required to conduct and document a "Critical Analysis" of three of the topics covered in Introduction to Management (ITM).
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Dividends declared and paid during Feb were $12,000. Calculate the retained earnings balance at Feb. 28. 2010.
After the distribution, Elsie's bases in the accounts receivable, inventory, and partnership interest are:
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Nachman Industries just paid a dividend of D0 = $1.32. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in year 3 and thereafter. The required return on this low risk stock is 9%. What..
How will the following transactions affect the balance sheet equation? Also write the journal entriesfor them.
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