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Question 10 6 pts Dividends in arrears on cumulative preferred stock do not appear on the financial statements. only occur when preferred dividends have been
Question 10 6 pts Dividends in arrears on cumulative preferred stock do not appear on the financial statements. only occur when preferred dividends have been declared. are considered to be a current liability, are considered to be a non-current liability D Question 11 10 pts Roebke Company reported retained earnings at December 31, 2019, of $410,000. Roebke had 300,000 shares issued and 160,000 shares of common stock outstanding throughout 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $225,000. How much was Roebke's ending retained earnings balanceliar 2020? Enter your answer with a dollar sign, a comma between the hundreds and thousands, and no decimal point. For example, if the answer is 123456, enter the answer as $123,456
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