Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 41 macintyre, inc., has outstanding 10,

Question 41 Macintyre, Inc., has outstanding 10,000 shares of $50 par value, 6%...

50.1K

Verified Solution

Question

Accounting

Question 41

Macintyre, Inc., has outstanding 10,000 shares of $50 par value, 6% nonparticipating, cumulative preferred stock and 16,000 shares of $10 par value common stock. If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $170,000, then the total amounts distributed to preferred and common stockholders, respectively, are:

A.

$90,000 and $80,000
B.

$60,000 and $110,000
C.

$54,000 and $116,000
D.

$27,000 and $143,000

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

Psychology
1.2K views

Using piaget’s theory do the following: (Adolescence) Describe the characteristics of this stage (e.g. key terms, definitions, age,etc)....

Physics
1.2K views

A pendulum has a length 1 m and a mass 1 kg. Assume Earth free fall...

Advance Math
1.2K views

The departure lounge at an airport has ten seats altogether, five on each side. In how...

General Management
1.2K views

Describe the reinforcement perspective and social learning theory and how they can be used to motivate...

Accounting
1.2K views

Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the...

Physics
1.2K views

An object of mass m = 0.550 kg is lifted from the floor to a...

Physics
1.2K views

The aperature of telescope is 5 cm distance between moon and earth is 4 10...

Algebra
1.2K views

Here is a Venn Diagram with sets A B and the universal set U Shade...

Accounting
1.2K views

II. Reported Income: IFRS vs. US GAAP Derek Jeter is CFO of Yankee Bats, Inc....

Accounting
1.2K views

Question 42 1 pts The following data relates to Spurrier Company's budgeted amounts for next...

Accounting
1.2K views

The total payroll of Trolley Company for the month of October, 2014 was $800,000, of...

Accounting
1.2K views

Could you show the work out for each question, please?