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Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6 percent. The company has not declared any cash dividends on the preferred stock for the last three years.
Required:
Calculate the amount of dividends in arrears on Zeta's preferred stock.
Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position.
If $380,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the common stockholders?
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The One Stop Print Shop has used the same overhead rate on all jobs. Job 216 was the only job in process at the beginning of the month. At that time it had incurred direct labor costs of $150 and total cost of $570.
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