Maurice Tutor

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About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 05 Aug 2017 My Price 4.00

Common Stock and Preferred Stock

The company has the following information about the Common Stock and Preferred Stock

  
 

CS Shares authorized

    

900,000

  
 

CS Shares Issued

      

642,000

  
 

CS Treasury Shares

      

22,000

  
 

PS 8%, 90 Par value issued/outstanding shares

  

80,000

  
               

The Board of Directors declared a cash dividend of $.90 per common share on June 24, 2013

The PS shares are cumulative and a dividend was not declared in year 2012

  

No stocks were issued in Year 2013 or 2012

        
               

1

Calculate the total dividend amount --- show your work

    

2

Prepare the journal entry for the date of declaration

 

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Aug 2017 09:08 PM My Price 4.00

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