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Exercise 20.3 Computing dividends payable. LO 20-5 points Zale Corporation has outstanding 120,000 shares of 10...
Zale Corporation has outstanding 110,000 shares of 12 percent, $80 par-value cumulative preferred stock and 440,000...
Zale Corporation has outstanding 110,000 shares of 12 percent,
$80 par-value cumulative preferred stock and 440,000 shares of
no-par-value common stock.
During 2019, the corporation distributed dividends of $792,000.
What amount will be paid on each share of preferred stock? What
amount will be paid on each share of common stock?
During 2020, the corporation distributed dividends of
$1,672,000. What amount will be paid on each share of preferred
stock? What amount will be paid on each share of common...
On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 6% cumulative preferred stock, and 10,000 shares of $10 par value common stock. Preferred dividends were paid in...
On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 6% cumulative preferred stock, and 10,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017. During 2018, Alpha distributed $25,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent.
eBook Calculator Dividends Per Share --- Lightfoot Inc., a software development firm, has stock outstanding as...
eBook Calculator Dividends Per Share --- Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $25 par, and 13,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $1,900; second year, $3,200; third year, $21,600; fourth year, $44,780. Calculate the dividends per share on each dass of stock for each of the four years. Round all answers to two...
The Northwest Corporation has outstanding 25,000 shares of 12 percent. $50 par value, noncumulative, nonparticipating preferred...
The Northwest Corporation has outstanding 25,000 shares of 12 percent. $50 par value, noncumulative, nonparticipating preferred stock and 100,000 authorized common shares of which 40,000 shares of $14 par value common stock are outstanding. The board of directors voted to distribute $125,000 as dividends in 2019, $164.000 in 2020, and $210,000 in 2021. (Round your answers to 2 decimal places.) 10 points BOOK 1. Compute the amount paid on each share of preferred stock in 2019 2. Compute the amount...
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative...
Seventy-Two Inc., a developer of radiology equipment, has stock
outstanding as follows: 70,000 shares of cumulative preferred 3%
stock, $20 par and 410,000 shares of $25 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $32,000; second year,
$73,000; third year, $80,000; fourth year, $110,000. Determine the
dividends per share on each class of stock for each of the four
years. Round all answers to two decimal places. If no dividends...
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par...
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 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. 2016 total cash dividends $ 20,000 2018 total cash dividends $ 200,000 2017 total cash dividends 28,000 2019 total cash dividends 350,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2...
Question 11 (8 points) On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100...
Question 11 (8 points) On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: 1. Preferred Stock 2. Common Stock Question 12 (6 points) On January 1, 2016, Alpha Corporation...
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...
Dividends Per Share Lightfoot Inc., a software development firm has stock outstanding as follows: 10.000 shares...
Dividends Per Share Lightfoot Inc., a software development firm has stock outstanding as follows: 10.000 shares of cumulative preferred 3 stock, $25 par, and 13,000 shares of 575 par common. During its first four years of operations, the following amounts were distributed as dividends first year, $2,000, second year, 54,700; third year $25,040; fourth year $41,950. Calculate the dividends per share on each class of stock for each of the four years. Round answers to two decal places. If no...
On December 31, 2018, Adelphi Corporation has outstanding 1,000 shares of $100 par value, 4% cumulative...
On December 31, 2018, Adelphi Corporation has outstanding 1,000 shares of $100 par value, 4% cumulative and nonparticipating preferred stock, and 14,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017. During 2018, Alpha distributed $25,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent. Your answer: The Common Stock account for Baltimore...
Zale Corporation has outstanding 110,000 shares of 12 percent,
$80 par-value cumulative preferred stock and 440,000 shares of
no-par-value common stock.
During 2019, the corporation distributed dividends of $792,000.
What amount will be paid on each share of preferred stock? What
amount will be paid on each share of common stock?
During 2020, the corporation distributed dividends of
$1,672,000. What amount will be paid on each share of preferred
stock? What amount will be paid on each share of common...
eBook Calculator Dividends Per Share --- Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $25 par, and 13,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $1,900; second year, $3,200; third year, $21,600; fourth year, $44,780. Calculate the dividends per share on each dass of stock for each of the four years. Round all answers to two...
The Northwest Corporation has outstanding 25,000 shares of 12 percent. $50 par value, noncumulative, nonparticipating preferred stock and 100,000 authorized common shares of which 40,000 shares of $14 par value common stock are outstanding. The board of directors voted to distribute $125,000 as dividends in 2019, $164.000 in 2020, and $210,000 in 2021. (Round your answers to 2 decimal places.) 10 points BOOK 1. Compute the amount paid on each share of preferred stock in 2019 2. Compute the amount...
Seventy-Two Inc., a developer of radiology equipment, has stock
outstanding as follows: 70,000 shares of cumulative preferred 3%
stock, $20 par and 410,000 shares of $25 par common. During its
first four years of operations, the following amounts were
distributed as dividends: first year, $32,000; second year,
$73,000; third year, $80,000; fourth year, $110,000. Determine the
dividends per share on each class of stock for each of the four
years. Round all answers to two decimal places. If no dividends...
Question 11 (8 points) On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: 1. Preferred Stock 2. Common Stock Question 12 (6 points) On January 1, 2016, Alpha Corporation...
Dividends Per Share Lightfoot Inc., a software development firm has stock outstanding as follows: 10.000 shares of cumulative preferred 3 stock, $25 par, and 13,000 shares of 575 par common. During its first four years of operations, the following amounts were distributed as dividends first year, $2,000, second year, 54,700; third year $25,040; fourth year $41,950. Calculate the dividends per share on each class of stock for each of the four years. Round answers to two decal places. If no...
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