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Jessie Griffith the Managing Director of Erica Mayers inc has made the declaration to the Shareholders that no dividend will be paid this year despite

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Jessie Griffith the Managing Director of Erica Mayers inc has made the declaration to the Shareholders that no dividend will be paid this year despite the company making a significant profit. In addition the company has a significant overdraft and one shareholder has been overheard in the meeting saying something fishy going on round here Managing Director summoned you to a meeting to assist him in the preparation of a response to the shareholders. He presented the financial statements below. Oh A 4 TO www Motor Ta TEL Garrera AC kad Taw om To SU The following information is available about the company's activities during 2019, the current year. A payment of $101.250 was made on the mortgage . Long-term notes with a value of 5513.000 were repaid during the year. Equipment was sold during the year for $84,500 The equipment has a cost of $175.500 and had $54,000 in accumulated depreciation to the date of sale . Long-term investments were sold during the year for $148,500. These investments had cost 567,500 when purchased several years ago 5 1 5 $ Netwo $ . 1 woman w Jessie Griffith the Managing Director of Erica Mayers inc has made the declaration to the Shareholders that no dividend will be paid this year despite the company making a significant profit. In addition the company has a significant overdraft and one shareholder has been overheard in the meeting saying something fishy going on round here Managing Director summoned you to a meeting to assist him in the preparation of a response to the shareholders. He presented the financial statements below. Oh A 4 TO www Motor Ta TEL Garrera AC kad Taw om To SU The following information is available about the company's activities during 2019, the current year. A payment of $101.250 was made on the mortgage . Long-term notes with a value of 5513.000 were repaid during the year. Equipment was sold during the year for $84,500 The equipment has a cost of $175.500 and had $54,000 in accumulated depreciation to the date of sale . Long-term investments were sold during the year for $148,500. These investments had cost 567,500 when purchased several years ago 5 1 5 $ Netwo $ . 1 woman w

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