Dicenta corporation reported net income of $270,000 in 2014 and had 50,000 shares of common stock outstanding throughout the year. also outstanding all year were 5,000 shares of cumulative preferred stock, each convertible into 2 shares of common.. the preferred stock pays an annual dividend of $5 per share. dicenta's tax rate is 40%. compute dicenta's 2014 diluted earnings per share.

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.

"undercapitalization"  is best described as the lack of funds to operate a business normally.