Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares of $1 par value common stock outstanding at December 31, 2017. If the board of directors declares a $16250 dividend, the
1.$16250 will be held as restricted retained earnings and paid out at some future date.
2.preferred stockholders will receive 1/10th of what the common stockholders will receive.
3.preferred stockholders will receive the entire $16250.
4.preferred stockholders will receive $7250 and the common stockholders will receive $7250.
Which of these 4 answers are correct?
Homework Answers
3.Preferred stockholders will receive the entire $16,250.
annual preferred dividend payout = 4%*$100*6,500 shares
=>$26,000.
Since the dividend declared is less than annual preferred dividend payout, the entire dividends declared or $16,250 shall belong to the preferred stockholders.
Add Answer to:
Concord Corporation has 6500 shares of 4%, $100 par value,
cumulative preferred stock and 65000 shares...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares of $1 par value common stock outstanding at December 31, 2017. If the board of directors declares a $16250 dividend, the 1.16250 will be held as restricted retained earnings and paid out at some future date. 2.preferred stockholders will receive 1/10th of what the common stockholders will receive.3. 3.preferred stockholders will receive the entire $16250. 4.preferred stockholders will receive $7250 and the common stockholders...
20) Arm, Inc., has 10,000 shares of 6%, $100 par value, noncumulative preferred stock and 100,000...
20) Arm, Inc., has 10,000 shares of 6%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $200,000 dividend, the A) preferred stockholders will receive 1/10th of what the common stockholders will receive. B) preferred stockholders will receive the entire $200,000. (wrong) C) $60,000 will be held as restricted retained earnings and paid out at some future date. D) preferred stockholders will...
Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares...
Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $60,000 dividend, the $60,000 will be held as restricted retained earnings and paid out at some future date. B preferred shareholders will receive the entire $60,000. preferred shareholders will receive $30,000 and the common shareholders will receive $30,000. preferred shareholders will receive $7,000.
Waterway Industries, has 16500 shares of 4%, $100 par value, cumulative preferred stock and 62000 shares...
Waterway Industries, has 16500 shares of 4%, $100 par value, cumulative preferred stock and 62000 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2016. The board of directors declares and pays a $113000 dividend in 2017 and in 2018. What is the amount of dividends received by the common stockholders in 2018?
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares...
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $121500 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? $60750 $28200 $93300 $0 On January 1, Concord Corporation had 860000 shares of $10 par value common stock outstanding. On March...
Vaughn, Inc. has 9900 shares of 8%, $100 par value, cumulative preferred stock and 99000 shares...
Vaughn, Inc. has 9900 shares of 8%, $100 par value, cumulative preferred stock and 99000 shares of $1 par value common stock outstanding at December 31, 2020. If the board of directors declares a $79200 dividend, the
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares...
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $132000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $55000. $132000. $0. $77000.
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
Assume CGM Corp has issued and outstanding 22,000 shares of 5%, $25 par value preferred stock...
Assume CGM Corp has issued and outstanding 22,000 shares of 5%, $25 par value preferred stock and issued and outstanding 15,000 shares of $15 stated value common stock. The board of directors declares dividends of $50,000, the preferred stock is cumulative, and $17,500 dividends is in arrears. What amount is allocated to common stockholders?
Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares...
Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $110,000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?
Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $60,000 dividend, the $60,000 will be held as restricted retained earnings and paid out at some future date. B preferred shareholders will receive the entire $60,000. preferred shareholders will receive $30,000 and the common shareholders will receive $30,000. preferred shareholders will receive $7,000.
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $121500 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? $60750 $28200 $93300 $0 On January 1, Concord Corporation had 860000 shares of $10 par value common stock outstanding. On March...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $110,000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?
Most questions answered within 3 hours.
-
Calculate the moment
of inertia (in kg·m2) of a skater given the following
information.
(a)
The...
asked 21 seconds ago -
A small body of mass m performs small oscillations sliding (no
rolling) along the bottom of...
asked 4 minutes ago -
The electric field in the region between two oppositely charged,
parallel, conducting plates has a magnitude...
asked 3 minutes ago -
A simple random sample was taken to test the claim that the
population mean is no...
asked 1 hour ago -
A set of length measurements are obtained with the values 165.6
± 0.3, 165.1± 0.4,166.4± 1.0,...
asked 1 hour ago -
1. Which of the following is true about unconscionable
contracts?
a. A term is substantially unconscionable...
asked 17 minutes ago -
A company is interested in estimating the costs of lunch
in their cafeteria. After surveying employees,...
asked 49 minutes ago -
A 0.2m diameter ball with an initial velocity of 8m/s rolls up a
hill without slipping....
asked 32 minutes ago -
I want to redraft the solution, using other words , use your own
words don't copy...
asked 21 minutes ago -
Hyundai Motors is considering threesites—A, B,C —at which to
locate a factory to build its new-model...
asked 23 minutes ago -
Learning Outcomes:
Upon the successful completion of this module, you should
understand the following concepts:
Strategic...
asked 24 minutes ago -
Identify four of the five major types of organizations within
the federal bureaucracy, and give examples...
asked 33 minutes ago