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Durden Co. has $10 par value, 10% cumulative preferred stock. There are 10,000 shares issued and outstanding of the preferred stock. The company also has 100,000 shares of $1 par value common stock. No dividends had been paid in the years 2003, 2004, 2005, and 2006. In 2007, the company paid $35,000 in dividends. In 2008, the company paid $65,000 in dividends. Determine the allocation of dividends between preferred and common stockholders for 2007 and 2008.
peeler company was incorporated as a new business on january 1 2010. the corporate charter approved on that date
On December 31, 2012, Faital Company acquired a computer from Plato Corporation by issuing a $600,000 zero-interest-bearing note, payable in full on December 31, 2016.
in 2010 abc company purchased machine for 300000 that had a useful life of 5 years with a salvage value of 50000 at the
fairfax company uses weighted-average process costing to account for its production costs. direct labor is added evenly
coakley beet processors inc. processes sugar beets in batches. a batch of sugar beets costs 36 to buy from farmers and
During 2012 Daveo sells inventory costing $200,000 to BUA301co for 400,000 on credit. Daveo is concerned about collectability of the receivable so accounts for the transaction under the installment Sales method. Before the end of the year BUA301co..
hiilemeyer companys standards for its hunter model include 50 ounces of borolox at a cost of 6.30 per ounce. during may
korsak corporation decided to issue common stock and used the 331700 proceeds to redeem all of its outstanding bonds
capital budgeting caseyour company is thinking about acquiring another corporation. you have two choices-the cost of
georgia shacks produces small outdoor buildings. the company began operations in 2010 producing 2000 buildings and
bottleneck profit product k has a unit contribution margin of 160. product l has a unit contribution margin of 80.
what is the value of this 20 year lease? the first payment due one year from today is 2000 and each annual payment will
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