MAP Consulting Inc. has 50,000 shares of 1% preferred stock of $100 par and 200,000 shares of

Question:

MAP Consulting Inc. has 50,000 shares of 1% preferred stock of $100 par and 200,000 shares of $25 par common stock. The following amounts were distributed each year:
Year 1: $120,000
Year 2: $100,000
Year 3: $300,000
Determine the dividends per share for preferred and for each year.
2.) John and Jane formed a partnership. John invested $300,000, and Jane invested $200,000. Assuming the partnership's net income for the year was $250,000, determine how much is each partner's portion of the net income under each of the following independent assumptions:
There was no agreement concerning division of net income.
Net income is to be divided based on the ratio of their original capital investment.
Salary allowances of $75,000 for John and $50,000 for Jane, and the balance in net income to be divided equally.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...