{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T11:29:49-04:00", "answer_date": "2024-06-06 11:29:49", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2362344", "url": "\/study-help\/questions\/crane-corporation-was-organized-on-january-1-2021-during-its-2362344", "question_creation_date_js": "2024-06-06T11:29:49-04:00", "question_creation_date": "Jun 06, 2024 11:29 AM", "meta_title": "[Solved] Crane Corporation was organized on Januar | SolutionInn", "meta_description": "Answer of - Crane Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 | SolutionInn", "meta_keywords": "crane,corporation,organized,january,1,2021,first,year,issued,2,100,shares,$50", "question_title_h1": "Crane Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value: preferred stock and 108,000", "question_title": "Crane Corporation was organized on January 1, 2021. During its first year,", "question_title_for_js_snippet": "Crane Corporation was organized on January 1, 2021 During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 108,000 shares of $10 par value common stock At December 31, the company declared the following cash dividends 2021, $5,000 2022, $14,100 and 2023, $28,000 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8 and cumulative Allocation to preferred stock Allocation to common stock 2021 2022 5000 $ 0 $ $ $ 2023", "question_description": "\"image\"image Crane Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,100 shares of $50 par value: preferred stock and 108,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,000: 2022, $14,100; and 2023, $28,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. Allocation to preferred stock Allocation to common stock 2021 2022 5000 $ 0 $ $ $ 2023", "transcribed_text": "", "related_book": { "title": "Accounting Principles", "isbn": "1119707110, 978-1119707110", "edition": "14th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6220aca2399de_2513.jpg", "uri": "\/textbooks\/accounting-principles-14th-edition-9781119707110", "see_more_uri": "\/textbooks\/business-strategic-communication-3321" }, "free_related_book": { "isbn": "1019254939", "uri": "\/textbooks\/software-complexity-and-software-maintenance-costs-1st-edition-978-1019254936-342823", "name": "Software Complexity And Software Maintenance Costs", "edition": "1st Edition" }, "question_posted": "2024-06-06 11:29:49", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/let-kt-denote-the-quantity-of-capital-a-country-has", "description": "Let Kt denote the quantity of capital a country has at the beginning of period t. 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The kits would sell for $12 each. 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