The net worth of a corporation consisted of: Preferred Stock- 6% cumulative participating par value $100/share,...
The net worth of a corporation consisted of:
Preferred Stock- 6% cumulative participating par value $100/share, 2000 shares outstanding- $200,000
Common stock $50 par value, 3000 shares outstanding-$150,000
Retained earnings - $70000
Common stockholders receive $3 a share after preferred stockholders receive 6% dividends; any remaining dividends are shared: $2 a share prefered, $1 a share common. Dividends have not yet been paid for the year. The book value of a share of common stock is:
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The net worth of a corporation consisted of:
Preferred Stock- 6% cumulative participating par value
$100/share,...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common...
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...
(5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000...
(5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends b. Assuming...
1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and...
1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends b....
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5...
Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 4,400,000 shares issued and outstanding 22,000,000 Additional paid-in capital: Common stock 42,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 143,450,000 From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends to which preferred stockholders are entitled? c. What was the...
Larkspur Corp. had $100,000 of 7%, $20 par value preferred stock and 12,000 shares of $25...
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...
U5. 1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock...
U5. 1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends...
The equity section of Cyril Corporation's balance sheet shows the following: Preferred stock-5% cumulative, $15 par...
The equity section of Cyril Corporation's balance sheet shows
the following:
Preferred stock-5% cumulative, $15 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 45,000 shares issued and outstanding Retained earnings Total stockholders' equity $ 150,000 450,000 267,500 $ 867,500 Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date. Complete...
Brief Exercise 15-15 Cheyenne Corporation has outstanding 9,600 shares of $100 par value, 6% preferred stock...
Brief Exercise 15-15 Cheyenne Corporation has outstanding 9,600 shares of $100 par value, 6% preferred stock and 57,400 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Cheyenne declares a cash dividend of $306,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive? Common stockholders...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares of $1 par value common stock outstanding at December 31, 2017. If the board of directors declares a $16250 dividend, the 1.$16250 will be held as restricted retained earnings and paid out at some future date. 2.preferred stockholders will receive 1/10th of what the common stockholders will receive. 3.preferred stockholders will receive the entire $16250. 4.preferred stockholders will receive $7250 and the common stockholders...
(5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends b. Assuming...
1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends b....
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
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...
U5. 1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends...
The equity section of Cyril Corporation's balance sheet shows
the following:
Preferred stock-5% cumulative, $15 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 45,000 shares issued and outstanding Retained earnings Total stockholders' equity $ 150,000 450,000 267,500 $ 867,500 Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date. Complete...
Brief Exercise 15-15 Cheyenne Corporation has outstanding 9,600 shares of $100 par value, 6% preferred stock and 57,400 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Cheyenne declares a cash dividend of $306,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive? Common stockholders...
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