Question
Both parts please Dividend per Par Value per Dividend Preferred Preferred Share Share 1. Prepare the journal entry to record Tamas Company's issuance of 5.800
Both parts please
Dividend per Par Value per Dividend Preferred Preferred Share Share 1. Prepare the journal entry to record Tamas Company's issuance of 5.800 shares of $100 par value. 6% cumulative preferred stock for $104 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 2 Required 1 Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) of 12 Numbewof Preferred Shares Required 1 Preferred Dividend 7 Next
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