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Kong IncReported Net Income of $298,000 During 2021 and Paid Dividends

question 206

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Kong Inc.reported net income of $298,000 during 2021 and paid dividends of $26,000 on common stock.It also has 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding.Common stockholders' equity was $1,200,000 on January 1, 2021, and $1,600,000 on December 31, 2021.The company's return on common stockholders' equity for 2021 is:


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Gender Roles

Social and behavioral norms considered appropriate for individuals of a specific sex within a given culture or society, often guiding personal interactions and choices.

Preindustrial

Refers to societies or stages of economic development characterized by agriculture, limited technology, and manual labor as the basis of the economy, before the advent of industrialization.

Post-Industrial

Referring to a stage of economic development in which the service sector generates more wealth than the manufacturing sector of the economy.

Housework

Routine tasks and chores done to maintain the household, such as cleaning, cooking, and laundry.

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