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    bjgandhi13's Avatar
    bjgandhi13 Posts: 1, Reputation: 1
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    #1

    Mar 14, 2008, 06:40 AM
    General entry for called preferred share
    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?
    francesmaldo's Avatar
    francesmaldo Posts: 2, Reputation: 1
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    #2

    Mar 14, 2008, 09:17 AM
    How can I determine overhead and direct labor cost if this amounts are not given with the problem information?
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