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Business, 20.11.2019 02:31 sonaihriley

Coronado corporation is preparing its december 31, 2020, balance sheet. the following items may be reported as either a current or long-term liability.1. on december 15, 2020, coronado declared a cash dividend of $4.30 per share to stockholders of record on december 31. the dividend is payable on january 15, 2021. coronado has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury.2. at december 31, bonds payable of $103,245,000 are outstanding. the bonds pay 12% interest every september 30 and mature in installments of $25,811,250 every september 30, beginning september 30, 2021.3. at december 31, 2019, customer advances were $13,025,000. during 2020, coronado collected $30,004,000 of customer advances; advances of $27,881,000 should be recognized in income.

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Coronado corporation is preparing its december 31, 2020, balance sheet. the following items may be r...

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