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Problem 1: The Floristan Company has 50,000 preference shares outstanding, with annual dividends paid at the rate of $2 per share. Floristan also has 100,000 ordinary shares outstanding. If the Floristan Company declares a $150,000 dividend, each outstanding ordinary shares would receive:
Option 1: $1.50.
Option 2: $1.00.
Option 3: $0.50.
Option 4: $2.00.
Option 5: None of the above.
Beginning inventory consists of no units. What is Brand Products' net income using variable costing
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