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Author Question: Bach, Inc. has declared a $21,000 cash dividend to shareholders. The company has 5,000 shares of ... (Read 65 times)

JGIBBSON

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on: Feb 18, 2020
Bach, Inc. has declared a $21,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 7% preferred stock and 11,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will be distributed to the preferred and common stockholders on the date of payment?
◦ $15,750 preferred, $5,250 common
◦ $21,000 preferred, $0 common
◦ $5,250 preferred, $15,750 common
◦ $0 preferred, $21,000 common
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by JGIBBSON on Feb 18, 2020

31809pancho

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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JGIBBSON

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Wow, this really help

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