Business homework help

Problem 3 (10 Marks) At December 31, 2014, Mississippi Corp. has the following shares outstanding (all no par value): 150,000 common shares ……………………………….. $ 1,150,000 $6 preferred, 5,000 shares ……………………………..$ 500,000 The preferred shares are cumulative and participating up to an additional 4%. Dividends have not been paid since December 31, 2011. Mississippi now wishes to declare a total cash dividend of $240,000. Instructions Prepare the entry for the dividend declaration, separating the dividend into the common and preferred portions. Show all calculations.

 

“Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!”

The post Business homework help appeared first on Coursework Geeks.

"Are you looking for this answer? We can Help click Order Now"