Concord Corporation's December 31, 2018 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 11000 shares authorized; 8500 shares issued $ 170000 Common stock, $10 par value, 900000 shares authorized; 875000 shares issued, 860000 shares outstanding 8750000 Paid-in capital in excess of par-preferred stock 31500 Paid-in capital in excess of par-common stock 13500000 Retained earnings 3700000 Treasury stock (15000 shares) 330000 Concord declared and paid a $58600 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $10000, Concord's common stockholders received $48600. $33300. $19300. no dividend.

Concord Corporation's December 31, 2018 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 11000 shares authorized; 8500 shares issued $ 170000 Common stock, $10 par value, 900000 shares authorized; 875000 shares issued, 860000 shares outstanding 8750000 Paid-in capital in excess of par-preferred stock 31500 Paid-in capital in excess of par-common stock 13500000 Retained earnings 3700000 Treasury stock (15000 shares) 330000 Concord declared and paid a $58600 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $10000, Concord's common stockholders received $48600. $33300. $19300. no dividend.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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