Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 5.00

Winston Corporation

1. Winston Corporation has 9,000 shares of 4%, $10 par preferred stock, and 47,000 shares of common stock outstanding. Winston declared no dividends in 2011. In 2012, Winston declares a total dividend of $54,000. How much of the dividends go to the common stockholders?

a. $54,000

b. $50,400

c. $46,800

d. None; it all goes to preferred.

2. A corporation’s income tax payable is computed as

a. Net income * Income tax rate.

b. Income before tax * Income tax rate.

c. Taxable income * Income tax rate.

d. Return on equity * Income tax rate.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 09:07 PM My Price 5.00

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