Bradford Parts Reported the Following Information at December 31,2017 Answer the Following Questions for Bradford Parts by Placing the

question 38

Essay

Bradford Parts reported the following information at December 31,2017: $\begin{array}{lr}\text { Preferred stock, } 12 \%, \$ 1 \text { par, } 50,000 \text { shares authorized, issued, and outstanding; }\\\text { cumulative; non-particip ating, call able at par value } & \$ 50,000 \\\text { Common stock } \$ 2 \text { par, } 30,000 \text { shares authorized } & 40,000 \\\text { Additional paid-in capital-common } & 50,000 \\\text { Retained earnings } & 30,000 \\\text { Total contributed capital and retained earnings } & \$ 170,000 \\\text { Less: Treasury stock (500 common shares at cost) } & \underline{(5,000)} \\\text { Total stockholders' equity } & \underline{\$ 165,000}\end{array}$

Answer the following questions for Bradford Parts by placing the correct response in the space provided.
$\underline{\quad\quad}$ A) How many shares of common stock are issued?
$\underline{\quad\quad}$ B) How many shares of preferred stock are issued?
$\underline{\quad\quad}$ C) How many common shares are outstanding?
$\underline{\quad\quad}$ D) How many preferred shares are outstanding?
$\underline{\quad\quad}$ E) How many of the common shares will receive dividends if and when they are paid?

$\underline{\quad\quad}$ F) How many of the preferred shares will receive dividends if and when they are paid?

Interpret survey data to calculate probabilities.

Apply probability rules to card game scenarios.

Apply principles of probability to dice games.

Calculate probabilities in a business class context.

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Definitions:

Recording Process

The systematic method of capturing and documenting financial transactions in the accounting records of an organization.

Journal

A detailed record where all financial transactions of a business are initially recorded, serving as the primary source of accounting data.

Ledger Accounts

Financial records that provide a detailed account of all the transactions related to a particular item over a period.

Journal

A book or electronic record where all transactions are recorded in chronological order.