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CengageNOWv2 | Online teaching and le... C The summary of the payroll for the mon... Course Her Chang Co. issued a $46,116, 120-day A company

CengageNOWv2 | Online teaching and le... C The summary of the payroll for the mon... Course Her Chang Co. issued a $46,116, 120-day A company had stock outstanding as follows during each of its first three years of operations: 1,000 shares of 7%, $100 par, cumulative preferred stock and 43,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $5,250 2 7,000 3 18,020 On June 8, Williams Company issued an $79,193, 7%, 120-day note payable to Brown Industries. Assuming a 360-day year for your calculations, what is the maturity) value of the note? When required, round your answer to the nearest dollar. Ca. $81,041 1 b. $5,544 Cc. $84,737 d. $79,193 ) Chang Co. issued a $46,116, 120-day, discounted note to Guarantee Bank. The discount rate is 11%. Assuming a 360-day year, the cash proceeds to Chang Co. are a. $51,189 b. $44,425 c. $46,116 d. $46,539

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