The shareholders' equity of Crystal Company includes the items shown below. The board of directors of...
The shareholders' equity of Crystal Company includes the items shown below. The board of directors of Crystal declared cash dividends of $3.4 million, $5.0 million, and $49.6 million in each of its first three years of operation: 2016, 2017, and 2018, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 5%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is...
The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $4.5 million, $10.5 million, and $52.5 million in each of its first 3 years of operation: 2016, 2017, and 2018, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 6%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is...
The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $4.5 million, $10.5 million, and $52.5 million in each of its first 3 years of operation: 2016, 2017, and 2018, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 6%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is...
The shareholders' equity of Crystal Company includes the items shown below. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 6% , $100 par, 1,000,000 shares outstanding The board of directors of Crystal declared cash dividends of $3 million, $5 million, and $50 million in each of its first 3 years of operation: 2015, 2016, 2017, respectively. The preferred stock is cumulative and nonparticipating. Determine the amount of dividends on preferred nd common stock for 2017 $6 million and $44...
The shareholders' equity of ILP Industries Includes the items shown below. The board of directors of ILP declared cash dividends of $8 million, $17 million, and $170 million In Its first three years of operation-2018, 2019, and 2020, respectively Common stock Paid-in capital-excess of par, common Preferred stock, 8% Paid-in capital-excess of par, preferred ($ in millions) $100 840 200 560 Required: Determine the amount of dividends to be paid to preferred and common shareholders in each of the three...
The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $3 million, $18 million, and $110 million in its first three years of operation-2018, 2019, and 2020, respectively Common stock Paid-in capital-excess of par, common Preferred stock, 6% Paid-in capital-excess of par, preferred (S in millions) $1e0 890 200 610 Required: Determine the amount of dividends to be paid to preferred and common shareholders in each of the three...
The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $4 million, 517 million, and $180 million in its first three years of operation-2018, 2019, and 2020, respectively. sin millions $130 Common stock Paid-in capital-excess of par, common Preferred stock, 58 Paid-in capital-excess of par, preferred 950 260 670 Required: Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years,...
The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $5 million, $15 million, and $170 million in its first three years of operation–2021, 2022, and 2023, respectively. ($ in millions) $120 940 Common stock Paid-in capital-excess of par, common Preferred stock, 5% Paid-in capital-excess of par, preferred 240 660 Required: Determine the amount of dividends to be paid to preferred and common shareholders in each of the three...
Please help! The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $4 million, $17 million, and $180 million in its first three years of operation–2018, 2019, and 2020, respectively. Common stock Paid-in capital-excess of par, common Preferred stock, 5% Paid-in capital-excess of par, preferred ($ in millions) $130 950 260 670 Required: Determine the amount of dividends to be paid to preferred and common shareholders in each of...
The shareholders' equity of MLS Enterprises includes $300 million of no par common stock and $600 million of 6 % cumulative preferred stock. The board of directors of MLS declared cash dividends of $74 million in 2018 after paying $32 million cash dividends in both 2017 and 2016. What is the amount of dividends common shareholders will receive in 2018? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Par Value Preferred Stock Annual Preferred Dividend Dividend...