Business, 12.12.2019 19:31 arteria3

Katie inc. reported net income of $171,000 for the current year and paid dividends of $26,000 on common stock. it also has 10,000 shares of 6%, $100 par value, noncumulative preferred stock outstanding. common stockholders’ equity was $1,200,000 on january 1 and $1,600,000 on december 31. the company’s return on common stockholders’ equity for the current year

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Katie inc. reported net income of $171,000 for the current year and paid dividends of $26,000 on com...

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