Texas Inc. has 4,347 shares of 7%, $100 par value cumulative preferred stock and 94,540 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. 590,43in total Ob. 570.00 persone Oc: 54.347 Od 5.1 in Assuming a 360-day year, the interest charged by the bank, at the rate of 5%, on a 90-day, discounted note payable of $118,913 is Os 33.946 Ob, 32,973 Oc. $1436 Od. 511,913 Anderson Co. issued a $54,133, 60-day, discounted note to National Bank. The discount rate is 7%. At maturity, assuming a 360-day year, the borrower will pay: Oa. 554,765 Ob. 333.301 Oc. 554,133 Od 550,344 Martinez Co. borrowed $56,959 on March 1 of the current year by signing a 60-day, 9%, Interest-bearing note. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a Os debit to interest Payable for 5854 Ob. debit to interest Expense for 5854 Oc. credito Cash for $36.959 Od credit to Cash for 562,085 On June 1, Davis Inc. issued an $71,800, 8%, 120-day note payable to Garcia Company Assume that the fiscal year of Garcis ends June 30. Using a 360-day year in your calculations, what is the amount of interest revenue recognized by Garcia in the following year? When required, round your answer to the nearest dollar. Os 51452 Ob. 55.744 Oc. 1479 Od 5959 The charter of a corporation provides for the issuance of 115,381 shares of common stock, Assume that 40,190 shares were originally issued and 4,550 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? Oa. 54,550 Ob $40,190 Oc. 571,280 Od. 5115,31 On January 1 of the current year, the Barton Corporation issued 6% bonds with a face value of $52,000. The bonds are sold for $50,440. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount The band interest expense for the year ended December 31 is Os. 33,120 Ob. 300 Oc. 33412 Od. 31,560 The Levi Company issued $70,000 of 8% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on June 30 and December 31. The bonds are dated January 1, and mature in five years, on January 1, Determine the total interest expense related to these bonds for the current year ending on December Oa. 54,200 Ob. 35.000 Oc. 5467 Od $2.00 A $284,000 bond was redeemed at 103 when the carrying amount of the bond was $295,076. The entry to record the redemption would include a Oa. low on bond redemption of $11,076. Ob gain on bond redemption of $2,556. Oc. gain on bond redemption of 11,076. Od loss on bond redemption of $2.556. The charter of a corporation provides for the issuance of 134,000 shares of common stock Assume that 53,000 shares were originally issued and 12,600 were subsequently teacquired. What is the number of shares outstanding? Oa. 14.000 Ob. 53,000 Oc. 12.00 Od. 46.400