Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. anders, inc., has 5,000 shares of 5%, $100 par val

Anders, Inc., has 5,000 shares of 5%, $100 par value, cumulative preferred stock and 20,000...

90.2K

Verified Solution

Question

Accounting

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?

Answer: $15,000 (Please show the calculations)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

7 An electron microscope is used to look at an atom of 1 0 A...

Biology
1.2K views

Give scientific facts both supporting and disputing this statement: In deserts with periodic monsoon rains, CAM plants...

Physics
1.2K views

18 A battery powered train travels in a complete circle of radius 1 82 m...

Geometry
1.2K views

Solve triangle ABC if ^A = 43.2, a = 188.4, and b = 248.6.sin B...

Basic Math
1.2K views

In the figure below m 2 58 Find m 1 2 1 m 1 0

Accounting
1.2K views

Differential Analysis for Further Processing The management of International Aluminum Co. is considering...

Accounting
1.2K views

38. At December 31, 2010, Kifer Company had 500,000 shares of common stock outstanding. On...

Accounting
1.2K views

The balance sheets of E Ltd. and J Ltd. on December 30, Year 6, were...

Accounting
1.2K views

Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the...

Accounting
1.2K views

d. mortgaged investments. 47) Which of the following is an example of an intangible asset?...

Accounting
1.2K views

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...

Accounting
1.2K views

Pharoah Me Salon Inc's general ledger at April 30, 2024, included the following: Cash $8,400;...