These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman. –Thomas Paine,
“Crisis No. 1”

Choose the right word or phrase that completes each sentence.
Paine opens by saying that these are
✔ challenging times
.
The “summer soldier” and the “sunshine patriot” are best described as
✔ being cowardly when times get tough
.
According to this passage,
deserve love and thanks.

Choose the right word or phrase that completes each sentence.

"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman."

-Thomas Paine,

"Crisis No. 1"

1. According to this passage, deserve love and thanks.

people who serve their country

Explanation:

According to this passage, PEOPLE WHO SERVE THEIR COUNTRY deserve love and thanks.

This is evident when the excerpts say "...but HE THAT STANDS IT NOW deserves the love and thanks of man and woman."

To stands, it now implies people that rise to the challenges by serving their country in the time of struggle or war.

Coronado Corporation

a) The preferred stock is noncumulative and nonparticipating:

Allocation       Preferred Stock                  Common Stock

of Dividends  

$87,500        $17,100 ($190,000 * 9%)     $70,400 ($87,500 - 17,100)

b) The preferred stock is cumulative and nonparticipating:

Allocation       Preferred Stock                     Common Stock

of Dividends  

$87,500        $51,300 ($190,000 * 9%)*3    $36,200 ($87,500 - 51,300)

c) The preferred stock is cumulative and participating

Allocation          Preferred Stock                    Common Stock

of Dividends  

$87,500           $48,944                                 $38,556

Amount due      $17,100 ($190,000 * 9%)

Participation     $31,844 = $31,844/$87,500 * 100 = 36.4%

Participation = $87,500 - ($17,100 + $38,556) = $31,844

Explanation:

a) Data and Calculations:

Outstanding capital stock:

9% Preferred stock = 1,900 shares of $100 par value ($190,000)

Common stock = 5,400 shares of $50 par value ($270,000)

Assuming retained earnings = $87,500 to be paid out in dividends.

No preference stock dividends were paid out during the last 2 years.

1) The preferred stock is noncumulative and nonparticipating:

Allocation       Preferred Stock                  Common Stock

of Dividends  

$87,500        $17,100 ($190,000 * 9%)     $70,400 ($87,500 - 17,100)

2) The preferred stock is cumulative and nonparticipating:

Allocation       Preferred Stock                     Common Stock

of Dividends  

$87,500        $51,300 ($190,000 * 9%)*3    $36,200 ($87,500 - 51,300)

3) The preferred stock is cumulative and participating

Allocation       Preferred Stock                  Common Stock

of Dividends  

$87,500        $48,944                                 $38,556

Amount due  $17,100 ($190,000 * 9%)

Participation $31,844 = $31,844/$87,500 * 100 = 36.4%

Participation = $87,500 - ($17,100 + $38,556) = $31,844