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Abraham Griffin has invested $700000 in a privately held family corporation. The corporation does NOT do well and must declare bankruptcy. What amount does Griffin

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Abraham Griffin has invested $700000 in a privately held family corporation. The corporation does NOT do well and must declare bankruptcy. What amount does Griffin stand to lose? zero up to his total investment of $700000 O the $700000 plus any personal assets the creditors demand $350000 The cash flow statement will not report the change in the cash balance for the current period. amount of cheques outstanding at the end of the period. sources of cash in the current period. O uses of cash in the current period. Waterway Inc. has a profit of $1000000 for 2021, and there are 500000 common shares issued. Dividends declared and paid during the year amounted to $200000 on the preferred shares and $302000 on the common shares. The earnings per share for 2021 is $1.60. $1.40. $0.60. $2.00. Annual preferred share dividends are always subtracted from profit in calculating earnings per share if they have a cumulative feature. True False

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