Solution: $283,000
Explanation: Before distributing the dividends to the common stockholders, the preferred dividends need to be paid first for the arrears and the current year. Thus the common stockholders will receive
= 325,000 - (52,500 shares * $10 * 4% * 2 years)
= 325,000 - 42,000
= 283,000
Nadal, Inc. has 78,750 shares of $10 par value common stock and 52,500 shares of $10...
please make sure my work is correct, thanks!
Nadal, Inc. has 205,000 shares of $10 par value common stock and 51,250 shares of $10 par value 3%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Nadal will be distributing $345,000 in dividends. Required: What amount of dividends will the common stockholders receive? $_ Common Stuch Preferred Stoke dio arrews 15,315 51,250x10,3% Totul 15,315 N/A 15, 375 61,500 76,875 current yr. div. 31,250x10x 3%...
Yoder, Inc. has 150,000 shares of $10 par value common stock and 75,000 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yoder wishes to distribute $270,000 as dividends, the common stockholders will receive a. $ 60,000. b. $110,000. c. $160,000. d. $210,000.
Larkspur Corp. had $100,000 of 7%, $20 par value preferred stock
and 12,000 shares of $25 par value common stock outstanding
throughout 2017.
Assuming that total dividends declared in 2017 were $64,000,
and that the preferred stock is not cumulative but is fully
participating, common stockholders should receive 2017 dividends of
what amount?
Common stockholders should receive
$
Assuming that total dividends declared in 2017 were $64,000,
and that the preferred stock is fully participating and cumulative
with preferred dividends...
GUY Inc., has $820,000 of 4% preferred stock and $1,150,000 of
common stock outstanding, each having a par value of $10 per share.
No dividends have been paid or declared during 2019 and 2020. As of
December 31, 2021, it is desired to distribute $282,300 in
dividends.
How much will the preferred and common stockholders receive under
each of the following assumptions:
(a)
The preferred is noncumulative and nonparticipating.
(b)
The preferred is cumulative and nonparticipating.
(c)
The preferred is...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings 267,500 Total stockholders’ equity $ 967,500 Determine the book value per share of the preferred and common stock under two separate situations. 1. No preferred dividends are in arrears. Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding...
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $121500 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? $60750 $28200 $93300 $0 On January 1, Concord Corporation had 860000 shares of $10 par value common stock outstanding. On March...
Exercise 15-9 Sage Corporation has 10,500 shares of $100 par value, 8%, preferred stock and 48,100 shares of $10 par value common stock outstanding at December 31, 2017. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2014, what are the dividends in arrears at December 31, 2017? Amount of dividends in arrears How should these dividends be reported? The...
maria company has 6000 shares of $.50 par value common stock and 900 shares of $3 cumulative preferred stock outstanding. The dividends on the preferred stock were not declared during the previous 3 years. THis year the company is declaring dividends of $16,800. The common stockholders receive how much in dividends per share?
Bridgeport Corporation has 10,600 shares of $100 par value, 9%, preferred stock and 50,100 shares of $10 par value common stock outstanding at December 31, 2020. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2017, what are the dividends in arrears on December 31, 2020, balance sheet? $ The amount of dividends in arrears on the December 31, 2020...