Extra Credit Assignment 5_ Attempt review.pdf - Extra...

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12/15/2020 Extra Credit Assignment 5: Attempt review Dashboard / My Courses / ACCT701-AP2-STACKED-37847-FALL2020 / Module 6 / Extra Credit Assignment 5 Question The definition of outstanding common stock is: 1 Correct Mark 1.00 out of 1.00 Started on Monday, November 30, 2020, 7:16 PM State Finished Completed on Monday, November 30, 2020, 7:29 PM Time taken 13 mins 44 secs Marks 10.00/10.00 Grade 5.00 out of 5.00 ( 100 %) Select one or more: a. Stock issued plus treasury stock. b. Stock that has been authorized for issuance.
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Question Correct Mark 1.00 out of 1.00 ABC company issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of 2018 and the rest of the stocks are common stocks. The company did not pay dividends in 2018, but plans to pay dividends of $100,000 in 2019. If the preferred stock is cumulative, how much is the preferred dividends and how much is the common stock dividend in 2019? (Cumulative means you need to pay the previous year's dividend (2018 for preferred stock) if it was not paid. ) Preferred dividend=number of shares * percentage * par value Select one or more: 2 c. Stock in the hands of stockholders. d. Stock that is performing well. Your answer is correct. The correct answer is: Stock in the hands of stockholders.

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