can any one help me with these easy practice question? the faster the better as I have an exam tomorrow and really wanna practice these concepts! thanks
Homework Answers
(1)
OPTION: retained earnings.
EXPLANATION:
retained earnings consists of accumulated net income which can be used for paying cash dividends
(2)
OPTION: an annual dividend of $3 per share..
EXPLANATION:
Dividend is payable on per annum basis. Also cumulative preferred shares are entitled to receive dividend unpaid for previous periods.
(3)
OPTION: Creditors have no legal claim on a shareholder's personal assets.
EXPLANATION:
shareholders liability is limited to unpaid portion of called up amount on shares held by them in the company. They are never liable personally.
(4)
OPTION: Up to his total investment of $650,000.
EXPLANATION:
Harrison would lose upto the amount of investment made by him in the company
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can any one help me with these easy practice question?
the faster the better as I...
Hi I need help with this question please. The shareholder's equity section of Hamilton Corporation at...
Hi I need help with this question please. The shareholder's equity section of Hamilton Corporation at December 31, 2018, included the following: - Preferred share, $2, cumulative, 10,000 shares authorized, 8,000 shares issued .......... $320,000 - Common shares, unlimited number authorized, 300,000 shares issued ......................... $2,400,000 Dividends were not declared on the preferred shares in 2018 and are in arrears. The following transactions occurred during 2019 1) Issued 100,000 common shares for cash at $9 per share on March 1...
help me with these problems please Dividends Per Share Zero Calories Company has 15,000 shares of...
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Dividends Per Share Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $28,500 2012 6,000 20Y3 110,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter 'o'. Round all answers to two decimal places. Preferred Stock (dividends per share) $ 28,500 Common Stock (dividends...
i need help on this can someone plaese help me this? CH13 Graded Written Homework Problem...
i
need help on this
can
someone plaese help me this?
CH13 Graded Written Homework Problem 1 In some cases, companies elect to pay dividends to stockholders in the form of additional shares of stock instead of cash. A stock dividend is normally declared only on common stock and issued to common stockholders. An analysis of Cheerios, Inc.'s common stock is as follows: Shares authorized Shares issued Shares outstanding Number of Common Shares 450,000 325,000 310,000 On February 1, Cheerios,...
Use a spreadsheet or table format like the one in the first practice problem to track...
Use a spreadsheet or table format like the one in the first practice problem to track the changes in all of the shareholders' equity accounts over the two-year period. (If an amount reduces the account balance then enter with negative sign, e.g.-15,000 or in parenthesis, e.g. (15,000).) Preferred Shares Common Shares Retained Earnings Shares issued Shares issued Net income 2019 Pref. dividends Common dividends Stock dividends Net income 2020 Prepare the shareholders' equity section of the statement of financial position...
help me answer the ones i got wrong, and help me with numbers 2 and 3...
help me answer the ones i got wrong, and help me with numbers
2 and 3
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2041, $80,000; 2012, $90,000; 2083, $150,000; 2014, $150,000; 20Y5, $160,000; and 2046, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares...
i posted a wrong image for this one. for 2nd image this one is correct Question...
i posted a wrong image for this one. for 2nd image this one is
correct
Question 2 Section A Use information provided below to answer the questions that follow Lee Corporation is authorized by its article to issue 200000 shares of $5 preferred shares and an unlimited number of common shares. The company started the year with 2000 and 7000 of common shares and preferred shares respectively. The table below shows the transactions that occurred during the first two years...
Can someone help me with my project? Here is the problem. Cyber Systems, Inc. reported the...
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need help answering question, pls show working as well Required information (The following information applies to...
need help answering question, pls show working as well
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need help with practice question An investor owns 500 shares of ABC corp. currently trading at...
need help with practice question
An investor owns 500 shares of ABC corp. currently trading at $10 per share. Each share pays $1 per year in dividends. Which of the following variables would not be affected if ABC did a 1-for-5 reverse stock split of its shares? a) The total cost of the investor's shares. Ob) The number of shares owned by the investor. c) The market price of each share. d) The dividend per share.
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Dividends Per Share Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $28,500 2012 6,000 20Y3 110,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter 'o'. Round all answers to two decimal places. Preferred Stock (dividends per share) $ 28,500 Common Stock (dividends...
i
need help on this
can
someone plaese help me this?
CH13 Graded Written Homework Problem 1 In some cases, companies elect to pay dividends to stockholders in the form of additional shares of stock instead of cash. A stock dividend is normally declared only on common stock and issued to common stockholders. An analysis of Cheerios, Inc.'s common stock is as follows: Shares authorized Shares issued Shares outstanding Number of Common Shares 450,000 325,000 310,000 On February 1, Cheerios,...
Use a spreadsheet or table format like the one in the first practice problem to track the changes in all of the shareholders' equity accounts over the two-year period. (If an amount reduces the account balance then enter with negative sign, e.g.-15,000 or in parenthesis, e.g. (15,000).) Preferred Shares Common Shares Retained Earnings Shares issued Shares issued Net income 2019 Pref. dividends Common dividends Stock dividends Net income 2020 Prepare the shareholders' equity section of the statement of financial position...
help me answer the ones i got wrong, and help me with numbers
2 and 3
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2041, $80,000; 2012, $90,000; 2083, $150,000; 2014, $150,000; 20Y5, $160,000; and 2046, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares...
i posted a wrong image for this one. for 2nd image this one is
correct
Question 2 Section A Use information provided below to answer the questions that follow Lee Corporation is authorized by its article to issue 200000 shares of $5 preferred shares and an unlimited number of common shares. The company started the year with 2000 and 7000 of common shares and preferred shares respectively. The table below shows the transactions that occurred during the first two years...
need help answering question, pls show working as well
Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 65,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 110,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total...
need help answering question, pls show working as
well...thanks
Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 65,000 shares of noncumulative 70% preferred stock with a $5 par value and also 110,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total...
need help with practice question
An investor owns 500 shares of ABC corp. currently trading at $10 per share. Each share pays $1 per year in dividends. Which of the following variables would not be affected if ABC did a 1-for-5 reverse stock split of its shares? a) The total cost of the investor's shares. Ob) The number of shares owned by the investor. c) The market price of each share. d) The dividend per share.
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