rensing inc has 800000 of 6 percent preferred, Financial Accounting

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rensing inc has 800000 of 6 percent preferred

Rensing, Inc., has $800,000 of 6 percent preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared through 2011 and 2012. As of December 31, 2013, it is desired to distribute $396,000 in dividends

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Financial Accounting: rensing inc has 800000 of 6 percent preferred

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