angelaguero536

11.12.2019 • 

Business

Nathan's athletic apparel has 1,300 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2020. all remaining shares are common stock. the company was not able to pay dividends in 2020, but plans to pay dividends of $14,000 in 2021. required: 1. & 2. how much of the $14,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? what if the preferred stock were noncumulative?

Ответ:

emberjohnson26

10.03.2023

Business

---

Bad debt expenses 800
Allowance for doubtful account 800

Allowance for doubtful accounts 60
Accounts receivable 60

Allowance for doubtful accounts 75
Accounts receivable 75

Accounts receivable 45
Allowance for doubtful accounts 45

Allowance for doubtful accounts 100
Accounts receivable 100

Accounts receivable 25
Allowance for doubtful accounts 25

Hope it helps!

---

0,0(0 оценок)