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![1 Preferred Stock is a stock that gives that gives its owners certain advantages over common stockholders. Some advantages are fixed dividend rate, higher claim on companys assets in case of liquidation than common shareholder 2 Cumulative Preference Shares: In this the annual dividend if not paid in any year due ti insufficient profit then accrues to the next year and all the outstanding dividend of cumulative preference is to be paid before making any payment to Common Shareholders 3 Non Cumulative Preference Shares: In this the annual dividend if not paid in any year due to insufficient profit then the unpaid dividend is not carried forward to subsequent year. Means that any unpaid dividend is not paid subsequently Ans a Particulars Amount Total Cash Dividend paid Less: Cash Dividend paid to 9% Cumulative Preference Shareholder Less: Cash Dividend paid to 12% Non-Cumulative Preference Shareholder Cash Dividend paid to Equity Shareholders Note $736,000 ($540,000) ($96,000) $100,000 Note i Note ii i Number of Cumulative Preference Share 40000 Par Value Total Cumulative Preference Share [40000 x $50] Dividend Rate Yearly Dividend [$2000000 x 9%) Dividend for Year 1st Dividend for Year 2nd Unpaid Dividend on Cumulative Preference Share Add: Dividend for Year 3rd Total Dividend to be paid in 3rd Year to Cumulative Preference Shareholder 50 $2,000,000 9% $180,000 $180,000 $180,000 $360,000 $180,000 $540,000 8000 $100 $800,000 12% $96,000 ii Number of Non-Cumulative Preference Share Par Value Total cumulative Preference Share [8000 x $100] Dividend Rate Yearly Dividend [$800000 x 12%)](http://img.homeworklib.com/questions/1a8c3a20-71a9-11ea-82e5-277ff97671d2.png?x-oss-process=image/resize,w_560)
![Ans b Dividend Per Share Number of Dividend Per share Particulars Dividend paid Shares Outstanding 9% Cumulative Preference Share [$540000/400001 12% Non-Cumulative Preference Share [$96000/8000] Common Stock [$100000/400000] $540,000 $96,000 $100,000 40000$13.50 8000$12.00 $0.25 400000 Ans c Average Issue Price of Preferred Stock Number Average Particulars Amount Shares Price per Outstanding share 9% Cumulative Preference Share [$2000000/400001 12% Non-Cumulative Preference Share [$800000/8000] $2,000,000 $800,000 40000$50.00 8000 $100.00](http://img.homeworklib.com/questions/1b26b9d0-71a9-11ea-af59-8b2feb2c4c3d.png?x-oss-process=image/resize,w_560)
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11.4 referred A portion of the stockholders' equity section from the balance sheet of...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as follows. Stockholders' equity: Preferred stock, 9% cumulative, $50 par, 35,000 shares authorized, issued, and outstanding $ 1,750,000 Preferred stock, 12% noncumulative, $100 par, 8,000 shares authorized, issued, and outstanding 800,000 Common stock, $5 par, 450,000 shares authorized, issued, and outstanding 2,250,000 Total paid-in capital $ 4,800,000 Assume that all the stock was issued on January 1, Year 1 and that no dividends were paid...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as follows. Stockholders' equity: Preferred stock, 9% cumulative, $50 par, 31,000 shares authorized, issued, and outstanding $ 1,550,000 Preferred stock, 12% noncumulative, $100 par, 7,200 shares authorized, issued, and outstanding 720,000 Common stock, $5 par, 440,000 shares authorized, issued, and outstanding 2,200,000 Total paid-in capital $ 4,470,000 Assume that all the stock was issued on January 1, Year 1 and that no dividends were paid...
A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as...
A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as follows. $1,700,000 Stockholders' equity: Preferred stock, 9% cumulative, $50 par, 34,000 shares authorized, issued, and outstanding Preferred stock, 12% noncumulative, $100 par, 5,800 shares authorized, issued, and outstanding Common stock, $5 par, 360,000 shares authorized, issued, and outstanding Total paid-in capital 580,000 1,800,000 $4,080,000 Assume that all the stock was issued on January 1, Year 1 and that no dividends were paid during the...
no explanation needed just values A portion of the stockholders' equity section from the balance sheet...
no explanation needed just values
A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as follows. $1,850, eee Stockholders' equity: Preferred stock, 9% cumulative, se par, 37,eee shares authorized, issued, and outstanding Preferred stock, 12% no cumulative, siee par, 6,980 shares authorized, issued, and outstanding Common stock, $5 par, 310, eee shares authorized, issued, and outstanding Total paid-in capital 699, eee 1,55e,eee $4, e9e, eee Assume that all the stock was issued on January...
Need answers pipaiu i pait a be aftected by this additional information? CISE 11.4 nds: Preferred...
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pipaiu i pait a be aftected by this additional information? CISE 11.4 nds: Preferred ommon A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as follows: Stockholders' equity Preferred stock, 9% cumulative, $50 par, 40,000 shares Preferred stock, 12% noncumulative, $100 par, 8,000 Common stock, $5 par, 400,000 shares authorized, issued, Assume that all the stock was issued on January 1 and that no dividends were paid during the first two years...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable 10,000,000 500,000 $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000...
Problem 4 (25 points) The stockholders' equity section of the balance sheet of Benson Corporation (with...
Problem 4 (25 points) The stockholders' equity section of the balance sheet of Benson Corporation (with certain details omitted) appears below: Stockholders equity: 6% preferred stock, $100 par, 500000 shares authorized, ?? issued 2.800.000 Common stock, 25$ par, 500000 shares authorized ?? Shares issued 2.500.000 Additional paid-in capital: Preferred stock 140.000 Common stock 1.500.000 Total paid-in capital 6.940.000 Retained earnings 2.960.000 Total stockholders equity 9.900.000 Answer the following questions based on the stockholders' equity section given above. 1.What is the...
Problem 4 (25 points) The stockholders' equity section of the balance sheet of Benson Corporation (with...
Problem 4 (25 points) The stockholders' equity section of the balance sheet of Benson Corporation (with certain dotams omitted) appears below: Stockholders equity: 6% preferred stock, $100 par, 500000 shares authorized, ?? issued 2.800.000 Common stock, 25$ par, 500000 shares authorized, ?? Shares issued 2.500.000 Additional paid-in capital: Preferred stock 140.000 Common stock 1.500.000 Total paid-in capital 6.940.000 Retained earnings 2.960.000 Total stockholders equity 9.900.000 Answer the following questions based on the stockholders' equity section given above. 1. What is...
A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as follows. $1,700,000 Stockholders' equity: Preferred stock, 9% cumulative, $50 par, 34,000 shares authorized, issued, and outstanding Preferred stock, 12% noncumulative, $100 par, 5,800 shares authorized, issued, and outstanding Common stock, $5 par, 360,000 shares authorized, issued, and outstanding Total paid-in capital 580,000 1,800,000 $4,080,000 Assume that all the stock was issued on January 1, Year 1 and that no dividends were paid during the...
no explanation needed just values
A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as follows. $1,850, eee Stockholders' equity: Preferred stock, 9% cumulative, se par, 37,eee shares authorized, issued, and outstanding Preferred stock, 12% no cumulative, siee par, 6,980 shares authorized, issued, and outstanding Common stock, $5 par, 310, eee shares authorized, issued, and outstanding Total paid-in capital 699, eee 1,55e,eee $4, e9e, eee Assume that all the stock was issued on January...
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pipaiu i pait a be aftected by this additional information? CISE 11.4 nds: Preferred ommon A portion of the stockholders' equity section from the balance sheet of Walland Corporation appears as follows: Stockholders' equity Preferred stock, 9% cumulative, $50 par, 40,000 shares Preferred stock, 12% noncumulative, $100 par, 8,000 Common stock, $5 par, 400,000 shares authorized, issued, Assume that all the stock was issued on January 1 and that no dividends were paid during the first two years...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable 10,000,000 500,000 $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000...
Problem 4 (25 points) The stockholders' equity section of the balance sheet of Benson Corporation (with certain details omitted) appears below: Stockholders equity: 6% preferred stock, $100 par, 500000 shares authorized, ?? issued 2.800.000 Common stock, 25$ par, 500000 shares authorized ?? Shares issued 2.500.000 Additional paid-in capital: Preferred stock 140.000 Common stock 1.500.000 Total paid-in capital 6.940.000 Retained earnings 2.960.000 Total stockholders equity 9.900.000 Answer the following questions based on the stockholders' equity section given above. 1.What is the...
Problem 4 (25 points) The stockholders' equity section of the balance sheet of Benson Corporation (with certain dotams omitted) appears below: Stockholders equity: 6% preferred stock, $100 par, 500000 shares authorized, ?? issued 2.800.000 Common stock, 25$ par, 500000 shares authorized, ?? Shares issued 2.500.000 Additional paid-in capital: Preferred stock 140.000 Common stock 1.500.000 Total paid-in capital 6.940.000 Retained earnings 2.960.000 Total stockholders equity 9.900.000 Answer the following questions based on the stockholders' equity section given above. 1. What is...
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