Cainas cookies had the following information reported for 2015:
preferred dividends $10,000
common dividends $20,000
preferred shares outstanding - 10,000 shares, $100 par value
common shares outstanding - 50,000 shares, $1 par value eps is:
a. $1.20 per share
b. $1.00 per share
c. $.60 per share
d. $.50 per share
b. both chefs are correct.
in a partnership, loans taken out by the general partners aren't binding on the limited partners. if a general partner takes out a loan, it effects all general partners no matter who took out the loan. a limited partner means they have limited liability therefor they are not responsible for the debts and obligations that the general partners are.
the awnser to the problem is true.
i believe the answer to this would be d. public relations.
i hope i ! ^^