11-26-07 - 2. 10,000 shares of $100 par, 8% cumulative...

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Daniel Collins ACIS 11-26-07 Ex. 11-10B Assets = Liabilities + Equity Rev – Exp = Net Income Cash Flow Cash = Div Payable C. Stk+ Ret Earn. NA 120,000 NA (120,000) NA NA (120,000) (120,000) NA NA NA (120,000) FA Account Titles Debit Credit Dividends Dividends Payable 120,000 120,000 Dividends Payable Cash 120,000 120,000 Ex. 11-13B 1. 200,000 shares of no-par common stock.
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Unformatted text preview: 2. 10,000 shares of $100 par, 8% cumulative preferred stock. On March 8, 2004 declared a $200,000 cash dividend to be paid on March 31 to shareholders of record on March 20. A. What amount of dividends will be paid to the preferred shareholders versus the common shareholders? i. ATC 11-1...
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This note was uploaded on 03/18/2008 for the course ACIS 2116 taught by Professor Cmeasterwood during the Fall '08 term at Virginia Tech.

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