amovnt every yar dividend uie prise par Share luhal Lotcan hen revse ved tiomtu sule ecnaole...
Weygandt, Accounting Principles, 13e Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Oulumber Corporation's stockholders' equity is as follows. Common stock, $5 par value $381,500 Paid-in capital in excess of par-common stock 28,000 Retained earnings 165,000 Total stockholders' equity $574,500 On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend =...
stock has 8% annual dividend and $100 par value and was sold a t$99.50 per share. Flotation cost of $1.50 per share. A) Calculate cost of preferred stock B) If the firm sells the preferred stock with a 10% annual dividend and nets $90.00 after flotation cost, what is its cost?
The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share $100 Dividend rate 8% Shares outstanding 11,000 Dividends in arrears none Common stock: Par value per share $10 Shares issued 125,000 Dividends paid per share $2.10 Market price per share $47.00 Additional paid-in capital $490,000 Unappropriated retained earnings (after closing) $250,000 Retained earnings appropriated for contingencies $300,000 Common treasury stock: Number of shares 11,000 Total cost $250,000 Net income $633,000 Compute (assume no changes in balances...
In 20X3, Snowboard Ltd. had the following share capital outstanding: Preferred shares, no-par value; $1.90 dividend: authorized, unlimited shares; issued, 100,000 shares Common shares, no-par value; authorized, unlimited shares; issued, 760,000 shares $1,400,000 1,064,000 No dividends were declared in 20X1 or 20x2, but $1,990,000 of dividends were declared in 20X3. Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases: Case A Preferred shares are cumulative and non-participating. Total...
ABC Corp. has 500,000 shares of P10 par ordinary share capital outstanding as of October 1, 2010. On this date, the Board of directors declared a share capital dividend distributable on November 20, 2010 to shareholders of record of October 30. The Market price of each ordinary share is P25 on October 1; P23 on October 30 and P30 on November 20. Instructions: Prepare the entries to record the declaration and distribution of stock dividends under each of the following...
Earnings per Share Price Cam u to, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year Common stock. $35 par value no change during the year) $7,000,000 6,000.00 Preferred $10 stock, $200 par na change during the year) The net income was $660,000 and the declared div dends on the common stock were $50,000 for the current year the market price of the green stock is $14.40...
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $35 par value (no change during the year) $5,250,000 Preferred $5 stock, $100 par (no change during the year) 2,000,000 The net income was $310,000 and the declared dividends on the common stock were $37,500 for the current year. The market price of the common stock is $11.20 per share. For...
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $45 par value (no change during the year) $7,200,000 Preferred $10 stock, $200 par (no change during the year) 4,000,000 The net income was $552,000 and the declared dividends on the common stock were $40,000 for the current year. The market price of the common stock is $15.40 per share. For...
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $10 par value (no change during the year) Preferred $8 stock, $200 par (no change during the year) $3,000,000 8,000,000 The net income was $1,040,000 and the declared dividends on the common stock were $75,000 for the current year. The market price of the common stock is $18.00 per share. For...