Answer:
Question 1
Preferred Dividend = 14000 shares x $101 x 15% = 212100
Dividend per share = 212100 / 14000 = $15.15
Common shares Dividend per share = ( 220000 - 212100 ) / 25000 = $0.32
Question 2
B.The Treasury Stock account would decrease by $48600
1800 x $27 = $48600
Question 3
Lark
Net Income = $105000
Net Income available for Common share holders = $105000 - 29000 = $76000
Earning per share = $76000 / (40000 + 44000 ) / 2 = 76000 / 42000 = $1.81
Price Earnings Ratio = Market price / EPS = $30 / $1.81 = 16.57
Question 4
C.Appropriations of Retained Earnings require journal enteries , but restrictions on retained earnings are usually reported in notes to the financial statements.
Question 5
D.All of the statements are correct
Question 6
A.are guaranteed to receive an annual dividend payment
Question 7
a.$608000
Total Amount of Paid in Capital = 32000 shares x $19 = $608000
A corporation has 14.000 shares of 15% 5101.00 pat nonnulative pr ed stock outstanding and 25.000...
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