What is the annual dividend on the preferred stock
Day Inc. has 5,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
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Using the Apollo Shoes Case materials, available under the Assessment section of Week Four of your page, complete the following audit sections:
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it was determined that the remaining useful life of the asset was only 2 years with a residual value of $2,000. Calculate this year's depreciation using the revised amounts and straight line method.
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