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Author Question: Renoir Associates has declared a $49,000 cash dividend to shareholders. The company has 4,000 shares ... (Read 122 times)

mydiamond

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on: Feb 18, 2020
Renoir Associates has declared a $49,000 cash dividend to shareholders. The company has 4,000 shares of $16-par, 6% preferred stock and 11,000 shares of $16-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?
◦ $45,160 preferred, $3,840 common
◦ $49,000 preferred, $0 common
◦ $0 preferred, $49,000 common
◦ $3,840 preferred, $45,160 common
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by mydiamond on Feb 18, 2020

Anton

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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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mydiamond

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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