wiegs4life2
Feb 11, 2010, 08:01 PM
Weisberg Corporation has 13,900 shares of $100 par value, 8%, preferred stock and 54,000 shares of $10 par value common stock outstanding at December 31, 2010.
Answer the questions in each of the following independent situations.
(a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2007, what are the dividends in arrears that should be reported on the December 31, 2010, balance sheet as a note in the stockholders' equity section?
Answer the questions in each of the following independent situations.
(a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2007, what are the dividends in arrears that should be reported on the December 31, 2010, balance sheet as a note in the stockholders' equity section?