Business, 26.06.2020 20:01, vinniemccray70

1. Prepare the journal entry to record Tamas Company’s issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.)

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1. Prepare the journal entry to record Tamas Company’s issuance of 6,400 shares of $100 par value, 8...

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