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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 3
The following information is taken from the balance sheet and related disclosures of Filsor, Inc.:
Which of the following statements is (are) true (For this question, more than one answer may be correct.)
a.he preferred dividends in arrears amount to $120,000 and should appear as a liability in the corporate balance sheet.
b.he book value per share of common stock is $35.
c.he stockholders' equity section of the balance sheet should indicate a deficit (negative amount in retained earnings) of $700,000.
d.he company has paid no dividend on its common stock during the past two years.
Which of the following statements is (are) true (For this question, more than one answer may be correct.)
a.he preferred dividends in arrears amount to $120,000 and should appear as a liability in the corporate balance sheet.
b.he book value per share of common stock is $35.
c.he stockholders' equity section of the balance sheet should indicate a deficit (negative amount in retained earnings) of $700,000.
d.he company has paid no dividend on its common stock during the past two years.
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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