Homework Answers
a) Annual preferred dividend = (134000-40618)*3.90 = 364189.80
b) Annual preferred dividend = 73065*40*6% = 175356
c) Annual preferred dividend =26000*90*11.60% = 271440
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Calculate the annual cash dividends required to be paid for each of the following preferred stock...
Calculate the cash dividends required to be paid for each of the following preferred stock issuances:...
Calculate the cash dividends required to be paid for each of the following preferred stock issuances: (a.) The semiannual dividend on 11.5% cumulative preferred, $100 par value; 6,000 shares authorized, issued, and outstanding. (b.) The total dividends owed to preferred shareholders on $1.50 annual cumulative preferred, 100,000 shares authorized, 85,000 shares issued, and 81,350 shares outstanding. The company did not pay dividends during the prior two years or during the current year. (c.) The quarterly dividend on 9.6% cumulative preferred,...
I need assistance solving this proiblems Calculate the cash dividends required to be paid for each...
I need assistance solving this proiblems
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred, $60 par value, 13,600 shares authorized, issued, and outstanding. b. The annual dividend on $1.75 cumulative preferred, 60,000 shares authorized, 36,000 shares issued, 31,800 shares outstanding. Last year's dividend has not been paid. c. The quarterly dividend on 10.0% cumulative preferred, $90 stated value, $108 liquidating value, 36,000 shares...
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred...
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 12% cumulative; 300,000 shares authorized; 150,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,200,000 shares issued; 1,000,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.45 per share. Required: 1....
EXU Effed Easy Money, Inc., has the following capital $ 175.000 LO11-5, LO11-6 EXERCISE 11.6 Preferred Stock Alte...
EXU Effed Easy Money, Inc., has the following capital $ 175.000 LO11-5, LO11-6 EXERCISE 11.6 Preferred Stock Alternatives Preferred stock-$25 par value, 10.000 shares authorized, 7.000 shares issued and outstanding ... Common stock-$10 par value, 100,000 shares authorized, 80,000 shares issued and outstanding Total paid in capital ......... 800.000 $ 975.000 550.000 ...................... $1,525.000 Retained earnings ... . Total stockholders' equity.... L01 EX stock have been the value and have bem In the current you at will be paid to...
Exercise 15-24 Tamarisk Inc. began operations in January 2018 and reported the following results for each...
Exercise 15-24
Tamarisk Inc. began operations in January 2018 and reported the
following results for each of its 3 years of operations.
2018
$261,000 net loss
2019
$41,000 net loss
2020
$830,000 net income
At December 31, 2020, Tamarisk Inc. capital accounts were as
follows.
9% cumulative preferred stock, par value $100; authorized,
issued,
and outstanding 4,800 shares
$480,000
Common stock, par value $1.00; authorized 1,000,000
shares;
issued and outstanding 688,000
shares
$688,000
Tamarisk Inc. has never paid a cash...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding $3,500,000 The preferred stock was issued at $110 per share. The common stock was issued at $16 per share. Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2019. Carson Corporation Balance Sheet (partial) As of...
Required information [The following information applies to the questions displayed below.] Raphael Corporation's common stock is...
Required information [The following information applies to the questions displayed below.] Raphael Corporation's common stock is currently selling on a stock exchange at $180 per share, and its current balance sheet shows the following stockholders' equity section. $ 95,000 Preferred stock-5% cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 160,000 390,000 $ 645,000 5.1 If two years' preferred dividends are in arrears and...
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock...
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. Preferred stock-5% cumulative, $1e par value, 10,00e shares authorized, issued and outstanding Common stock-$5 par value, 228,eee shares authorized, 17e,eee shares issued and outstanding Retained earnings Total stockholders equity 1ee,eee 850, eee 1,e74,see $2,824,see Determine the book value per share of the common stock Book Value Per Common Share Book Value Per Common Share...
26 HWIT#26: CASH DIVIDENDS PREFERRED STOCK and COMMON STOCK: Listed below we ens found in the...
26 HWIT#26: CASH DIVIDENDS PREFERRED STOCK and COMMON STOCK: Listed below we ens found in the stockholders' equity section of the Garland's Corporation Balance Sheet. The Grand Corporation declared cash dividends of $500.000 on September I payable to stockholders of record on December 1, 2018 8% Preferred stock. $100 par value. cumulative, 50,000 shares authorized 25,00 shares issued and outstanding Common stock, S10 stated value, 400,000 shares authorized, 100,000 issued and outstanding Instructions: Assume each is an independent transaction. a....
Stockholders’ Equity Paid-In Capital Capital Stock 8% Preferred stock, $______par value, cumulative, 10,000 shares authorized 6000...
Stockholders’ Equity Paid-In Capital Capital Stock 8% Preferred stock, $______par value, cumulative, 10,000 shares authorized 6000 shares issued & outstanding………………………………………………… $900,000 Common stock, $4 par value, 460,000 shares authorized; ______ shares issued and ______ shares outstanding$1,650,000 Total Capital Stock…………………………………………………………………… 2,550,000 Additional paid-in capital In excess of par value-preferred stock……………………………………………….. 60,000 In excess of par value-common stock……………………………………………... 825,000 Total Additional PIC……………………………………………………………… 885,000 Retained Earnings…….800,000 Total paid-in capital and retained earnings 4,235,000 Less: Treasury stock (12,000 shares) (180,000) Total stockholders' equity$4,055,000...
I need assistance solving this proiblems
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred, $60 par value, 13,600 shares authorized, issued, and outstanding. b. The annual dividend on $1.75 cumulative preferred, 60,000 shares authorized, 36,000 shares issued, 31,800 shares outstanding. Last year's dividend has not been paid. c. The quarterly dividend on 10.0% cumulative preferred, $90 stated value, $108 liquidating value, 36,000 shares...
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 12% cumulative; 300,000 shares authorized; 150,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,200,000 shares issued; 1,000,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.45 per share. Required: 1....
EXU Effed Easy Money, Inc., has the following capital $ 175.000 LO11-5, LO11-6 EXERCISE 11.6 Preferred Stock Alternatives Preferred stock-$25 par value, 10.000 shares authorized, 7.000 shares issued and outstanding ... Common stock-$10 par value, 100,000 shares authorized, 80,000 shares issued and outstanding Total paid in capital ......... 800.000 $ 975.000 550.000 ...................... $1,525.000 Retained earnings ... . Total stockholders' equity.... L01 EX stock have been the value and have bem In the current you at will be paid to...
Exercise 15-24
Tamarisk Inc. began operations in January 2018 and reported the
following results for each of its 3 years of operations.
2018
$261,000 net loss
2019
$41,000 net loss
2020
$830,000 net income
At December 31, 2020, Tamarisk Inc. capital accounts were as
follows.
9% cumulative preferred stock, par value $100; authorized,
issued,
and outstanding 4,800 shares
$480,000
Common stock, par value $1.00; authorized 1,000,000
shares;
issued and outstanding 688,000
shares
$688,000
Tamarisk Inc. has never paid a cash...
Required information [The following information applies to the questions displayed below.] Raphael Corporation's common stock is currently selling on a stock exchange at $180 per share, and its current balance sheet shows the following stockholders' equity section. $ 95,000 Preferred stock-5% cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$___ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 160,000 390,000 $ 645,000 5.1 If two years' preferred dividends are in arrears and...
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. Preferred stock-5% cumulative, $1e par value, 10,00e shares authorized, issued and outstanding Common stock-$5 par value, 228,eee shares authorized, 17e,eee shares issued and outstanding Retained earnings Total stockholders equity 1ee,eee 850, eee 1,e74,see $2,824,see Determine the book value per share of the common stock Book Value Per Common Share Book Value Per Common Share...
26 HWIT#26: CASH DIVIDENDS PREFERRED STOCK and COMMON STOCK: Listed below we ens found in the stockholders' equity section of the Garland's Corporation Balance Sheet. The Grand Corporation declared cash dividends of $500.000 on September I payable to stockholders of record on December 1, 2018 8% Preferred stock. $100 par value. cumulative, 50,000 shares authorized 25,00 shares issued and outstanding Common stock, S10 stated value, 400,000 shares authorized, 100,000 issued and outstanding Instructions: Assume each is an independent transaction. a....
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