Aders inc has 5000 shares of 5 100 par value cumulative
Course:- Accounting Basics
Reference No.:- EM13601547

Assignment Help >> Accounting Basics

Anders, Inc., has 5,000 shares of 5%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2011. There were no dividends declared in 2009. The board of directors declares and pays a $45,000 dividend in 2010 and in 2011. What is the amount of dividends received by the common stockholders in 2011?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Estimate how much of the $262,310 of overhead cost in June was maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $262,310 consisted o
What important activities did Jon team engage in during the systems investigation stage of the systems development life cycle? Why are all forms of feasibility considerations
Borderbooks Company has two locations, downtown and at a suburban mall. During March, the company reported net income of $271,000 and sales of $1.2 million. The contribution
Derive Mr. Jones' budget constraint (resource constraint and budget line), denoting "housing" as the dependent variable. Illustrate his budget constraint and his current con
Describe the Cyclic Activated-Sludge System, discuss its mode of operation and the potential benefits as an equipment option for an activated sludge unit to be designed into
Map the company's balance sheet and income statement that appear in the attached spreadsheet. Use the link to the 2012 US GAAP Financial Reporting Taxonomy to view the taxon
The Befort Cozmpany filed for a patent on a new type of machine. The application costs totaled $12,000. R&D costs incurred to create the machine were $75,000. In the year in w
Cinnamon, Inc. is a diversified manufacturing company headquartered in the United Kingdom. It complies with IFRS. In 2009, Cinnamon held a 19 percent passive equity ownershi