Business, 16.12.2019 20:31 imran2k13

Stockholders’ equity of ernst company consists of 82,000 shares of $5 par value, 10% cumulative preferred stock and 290,000 shares of $1 par value common stock. both classes of stock have been outstanding since the company’s inception. ernst did not declare any dividends in the prior year, but it now declares and pays a $135,000 cash dividend at the current year-end.

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Stockholders’ equity of ernst company consists of 82,000 shares of $5 par value, 10% cumulative pref...

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