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A bondholder with a bond secured by a second mortgage is in a less favorable position than a… 1 answer below » A bondholder with a bond secured by a second mortgage is in a less favorable position than a first-mortgage bondholder in the event of a seizure and sale of the property (called a foreclosure). T/F A bond debenture is the contract or loan agreement under which the bonds are issued. T/F Rest questions are in the attached file Document Preview: A bondholder with a bond secured by a second mortgage is in a less favorable position than a first-mortgage bondholder in the event of a seizure View complete question » A bondholder with a bond secured by a second mortgage is in a less favorable position than a first-mortgage bondholder in the event of a seizure and sale of the property (called a foreclosure). T/F A bond debenture is the contract or loan agreement under which the bonds are issued. T/F Rest questions are in the attached file Document Preview: A bondholder with a bond secured by a second mortgage is in a less favorable position than a first-mortgage bondholder in the event of a seizure and sale of the property (called a foreclosure).
True
False _x000C_
True_x000C__x000C__x000C_A bond debenture is the contract or loan agreement under which the bonds are issued.
True
False _x000C_
False_x000C__x000C__x000C_A company has outstanding 18,059 shares of 9 percent, $224 par value preferred stock (noncumulative) and 224,948 shares of $33 par value common stock. Retained earnings are $733,282. No dividends were paid last year. What amount of dividends are the preferred stockholders entitled to at the end of the current year before payments of any dividends to common stockholders are made? Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10).
_x000C_
Since preferred stock is non-cumulative, only this year dividend will be paid.
Dividend = 18,059 * $224 * 9%
= 364069
_x000C_A company has outstanding 18,881 shares of 6 percent, $131 par value cumulative preferred stock and 244,658 shares of $36 par value common stock. Retained earnings are $1,744,606. No dividends have been paid for the last two years. What amount of dividends are the preferred stockholders entitled to at the end of the current year before payments of any dividends to common stockholders are made? Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10).
_x000C_
Since preferred stock is cumulative, this year plus last two years dividend will be paid.
Dividend = 18,881 * $131 * 6% * 3
= 445214_x000C__x000C__x000C__x000C__x000C_3,576 shares of 3, $112 par value, convertible preferred stock were issued for cash at $165 per share, the Cash account would be increased (debited) by 165 times 3,576 How much will the Additional Paid-in Capital Preferred Stock account be increased (credited) by? Answer to nearest whole dollar without any commas, decimal points, or words… Attachments: Quiz.doc View less » Dec 24 2015 04:18 PM
