How doe we find the 2018 dividends in arrears as well as the 2019 current year dividends?
Homework Answers
Preferred stockholders has the right to get dividends at 6% every year. after paying preferred dividends then only dividends will pay to common stockholders. if any amount balance to be paid for preferred stockholders, it will be considered as arears and need to be paid in next year.
| 2018 Dividends for preferred stockholders (21,000*$12*6%) | $ 15,120 |
| Less: Dividends paid | $ (5,120) |
| Preferred stock arrears | $ 10,000 |
| 2019 Dividends for preferred stockholders (21,000*$12*6%) | $ 15,120 |
| Add: 2018 dividends arrears | $ 10,000 |
| Dividends to be paid to preferred stock holders in 2019 | $ 25,120 |
| Total dividends declared in 2019 | $ 52,000 |
| Less: Dividends to preferred stockholders | $ (25,120) |
| Dividends to common stockholders | $ 26,880 |
| 2018 | 2019 | |
| Preferred | $ 5,120 | $ 25,120 |
| Common | $ - | $ 26,880 |
| $ 5,120 | $ 52,000 |
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How doe we find the 2018 dividends in arrears as well as the
2019 current year...
Requirement 1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and...
Requirement 1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 2018 and 2019 if total dividends are $11,000 in 2018 and $49,000 in 2019. Compute the dividends for 2018, then for 2019. (Complete all answer la Data Table Class of Stock 2019 2018 11,000 Preferred $ Tri State Telecom, Inc. Common Stockholders' Equity $ 11,000 $ 49,000 Total Paid-in capital: 100,000 Preferred stock, 12%, $5 par, 100,000 shares authorized, 20,000 shares...
Western Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to...
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Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following...
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Magestic Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the...
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The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018,...
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Western Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $19,870 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon to view the stockholders' equity) Read the requirements Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 total dividends are $23.400 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
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Magestic Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the icon to view the data.) Magestic Manufacturing has paid all preferred dividends only through 2015. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $60,000 in 2018 and $108,000 in 2019. Begin with 2018. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 if total dividends...
Sarah Co. has the following stockholders' equity for 12/31/2019: $ 25,000 1,400 26,400 Preferred stock, 8%, $50 par, 3,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500 $ 507,500 Required: Record the transactions listed and prepare the 2020 stockholders' equity...
Sarah Co. has the following stockholders' equity for 12/31/2019: 25,000 A 1,400 26,400 Preferred stock, 8%, $50 par, 8,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500) 507,500) $ Required: Record the transactions listed and prepare the 2020 stockholders' equity...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
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