Question

Financial Statement Analysis Required: Using the indicated letters, identify the specific effects (ncluding account names and
Dividend Allocation Background: The following is the owners equity section of Simpson Co. at 1/1/2012 Common Stock ($1 par v
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Answer #1
Dividend Distribution :
Preferred stockholders = 12000000*7% = $840000
Common stockholders = (1500000-840000) = $660000
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