he Net Profit of ABC company for the year 2019 was OMR 11,400. The company issued 40,000 6% preference shares of OMR 1 each. What will be the Net Profit after distributing preference dividend? a. OMR 0 b. OMR 9,000 c. OMR 10,000 d. OMR 13,800\

he Net Profit of ABC company for the year 2019 was OMR 11,400. The company issued 40,000 6% preference shares of OMR 1 each. What will be the Net Profit after distributing preference dividend? a. OMR 0 b. OMR 9,000 c. OMR 10,000 d. OMR 13,800\

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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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

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Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.

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