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Question - On December 1, 20X5, Bleay Inc. declared a cash dividend of $400,000 to be paid on December 31, 20X5. These dividends were payable to shareholders of record at December 15, 20X5. Bleay's capital structure included the following:
- 100,000 common shares issued
- 10,000 Series A non-cumulative preference shares, each entitled to a dividend of $4 per year
- 10,000 Series B cumulative preference shares, each entitled to a dividend of $3 per year
Dividends on all classes of shares were last paid on December 31, 20X3. What is the total amount of the 20X5 dividend payable to the common shareholders?
Vuelty, Ltd. constructs houses and uses a job costing system to track product costs. What is the total cost of job number F5704
larry,curly and moe run the only saloon in town. Larry wants to sell as many drinks as possible wityout loss money
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Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.
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On 1/1/X1, Wolfpack Creamery sold one of its ice cream trucks for $25,000. Compute the gain or loss on the sale by comparing the book value
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