Smith Industries, Inc. has 4,000 shares of common stock, par value $2 and has 1,000 shares of 8%, $50 par value, non-cumulative preferred stock. Three years of dividends are in arrears. The board of directors declared a $70,000 dividend. How much of the dividend will the preferred stockholders receive

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

What is the equity method balance in the investment in lindman account at the end of 2018?

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