Business, 01.10.2019 04:00 ignacio73

Nance corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative,30,000 shares authorized; 15,000 shares issued $ 300,000common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000paid-in capital in excess of par value - preferred stock 60,000paid-in capital in excess of par value - common stock 27,000,000retained earnings 7,650,000treasury stock (30,000 shares) 630,000nance declared and paid a $75,000 cash dividend on december 15, 2014. if the company's dividends in arrears prior to that date were $18,000, nance's common stockholders receiveda. $57,000.b. $27,000.c. $33,000.d. no dividend.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:40

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Answers: 1

Answer

Business, 22.06.2019 07:30

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?

Answers: 2

Answer

Business, 22.06.2019 19:30

Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?

Answers: 3

Answer

Business, 22.06.2019 20:50

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?

Answers: 1

Answer

You know the right answer?

Nance corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 pa...

Questions