bjgandhi13
Mar 14, 2008, 06:40 AM
Handy ltd. Called class A preferred share at the specific rate. Dividend in arrers for last year were only paid this year. No divi. For the current year.
The $8.00 class A preferred share are without par value and were issued for $100.00 per share.they are cumulative and nonparticipating . The 150 outstanding shares are owned by the Handy. Class A preffered share are callable at $102 per share until Dec.31,2007. One thousand shares were authorized.
May I know General Jurnal entry for divi. In arrers and for the payment?
The $8.00 class A preferred share are without par value and were issued for $100.00 per share.they are cumulative and nonparticipating . The 150 outstanding shares are owned by the Handy. Class A preffered share are callable at $102 per share until Dec.31,2007. One thousand shares were authorized.
May I know General Jurnal entry for divi. In arrers and for the payment?