10 May WHAT IS THE ANNUAL DIVIDEND ON THE PREFERRED STOCK?
Ayayai Corp. has 15000 shares of 6% $100 par value cumulative preferred stock and 75000 shares of $1 par value common stock outstanding at December 31 2017. What is the annual dividend on the preferred stock?$90000 in total$60 per share$6000 in total$0.06 per share2. Equipment was purchased for $86400 on January 1 2016. Freight charges amounted to $3400 and there was a cost of $10000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $17000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31 2017 if the straight-line method of depreciation is used?$33120.$16560.$14600.$284803. Kingbird Inc. purchased a delivery truck with a $58000 list price. The company was given a $4100 cash discount by the dealer and paid $3100 sales tax. Annual insurance on the truck is $1300. As a result of the purchase by how much will Kingbird Inc. increase its truck account?$53900.$58300.$58000.$57000.
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