Rensing inc. has 800000 of 6 preferred stock and 1200000 of, Ask an Expert

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Rensing, Inc., has $800,000 of 6% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2011 and 2012. As of December 31, 2013, it is desired to distribute $396,000 in dividends.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947232

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