Homework Answers
Dividends Paid To
| Year | Preferred Stock $ | Common Stock $ |
| 2020 | 6,000 | 0 |
| 2021 | 10,000 | 3,000 |
| 2022 | 8,000 | 21,000 |
2020
Dividend for preferred stock is (2000*$50=1,00,000*8/100) = $8,000. But the dividend declared is $6,000 only, so full amount is belonging to preferred stock only and there is no dividend for common stock.
2021
Dividend for preferred stock is (2000*$50=1,00,000*8/100) = $8,000 + previous years balance amount of dividend (8,000-6,000) $2,000, because it is a cumulative preference share. So preferred stock dividend is $10,000 and common stock dividend is (13,000-10,000) $3,000.
2022
Dividend for preferred stock is (2000*$50=1,00,000*8/100) = $8,000 and dividend for common stock is $21,000.
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5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued...
5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued...
5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2020, $6,000, 2021, $13,000, and 2022 $29,000. Instructions: REQUIRED (12 points) Prepare a well-labeled schedule showing the allocation of dividends to each class of stock for each year, assuming the preferred stock dividend is 8% and cumulative....
5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued...
5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued 2.000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31. the company declared the following cash dividends: 2020, S6,000, 2021, $13,000, and 2022 S29,000. Instructions: REQUIRED (12 points) Prepare a well-labeled schedule showing the allocation of dividends to each class of stock for each year, assuming the preferred stock dividend is 8% and cumulative....
Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900...
Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,250; 2020, $14,400; and 2021, $29,000. Collapse question part (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock $...
Sunland Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000...
Sunland Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 106,000 shares of $10 par valve common stock. At December 31, the company declared the following cash dividends: 2019, $6,500; 2020, $14,400, and 2021, $29,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2020 2021 Allocation to preferred stock Allocation to common stock Show the...
Question 15 Oriole Corporation was organized on January 1, 2019. During its first year, the corporation...
Question 15
Oriole Corporation was organized on January 1, 2019. During its
first year, the corporation issued 2,100 shares of $50 par value
preferred stock and 100,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2019, $6,350; 2020, $14,500; and 2021, $29,000.
Show the allocation of dividends to each class of stock,
assuming the preferred stock dividend is 7% and
noncumulative.
2019
2020
2021
Allocation to preferred stock
$
$
$...
Question 15 Oriole Corporation was organized on January 1, 2019. During its first year, the corporation...
Question 15 Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,350; 2020, $14,500; and 2021, $29,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common...
Coronado Industries was organized on January 1, 2021. During its first year, the corporation issued 1,600...
Coronado Industries was organized on January 1, 2021. During its
first year, the corporation issued 1,600 shares of $50 par value
preferred stock and 110,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2021, $5,400; 2022, $12,800; and 2023, $27,700.
Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. ( blank. Enter O for amounts.) 2021 2022 2023 Total dividend Allocation...
Bramble Corp. was organized on January 1, 2021. During its first year, the corporation issued 1,800...
Bramble Corp. was organized on January 1, 2021. During its first
year, the corporation issued 1,800 shares of $50 par value
preferred stock and 115,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2021, $4,900; 2022, $14,000; and 2023, $29,400.
(a)
Show the allocation of dividends to each class of stock, assuming
the preferred stock dividend is 7% and noncumulative.
(Do not leave any answer field blank. Enter 0 for
amounts.)...
Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued...
Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,475; 2020, $14,200; and 2021, $28,500. Show the allocation of dividends to each class of stack, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock...
ment Exercise 14-02-c Cullumber Corporation was organized on January 1, 2019. During its first year, the...
ment Exercise 14-02-c Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 104,000 shares $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,850; 2020, 513,500; and 2021, 529,000. Show the allocation of dividends to each dass of stock, assuming the preferred stock dividend is 7 and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common...
5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2020, $6,000, 2021, $13,000, and 2022 $29,000. Instructions: REQUIRED (12 points) Prepare a well-labeled schedule showing the allocation of dividends to each class of stock for each year, assuming the preferred stock dividend is 8% and cumulative....
5. Fedco Corporation was organized on January 1, 2020. During its first year, the corporation issued 2.000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31. the company declared the following cash dividends: 2020, S6,000, 2021, $13,000, and 2022 S29,000. Instructions: REQUIRED (12 points) Prepare a well-labeled schedule showing the allocation of dividends to each class of stock for each year, assuming the preferred stock dividend is 8% and cumulative....
Sunland Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 106,000 shares of $10 par valve common stock. At December 31, the company declared the following cash dividends: 2019, $6,500; 2020, $14,400, and 2021, $29,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2020 2021 Allocation to preferred stock Allocation to common stock Show the...
Question 15
Oriole Corporation was organized on January 1, 2019. During its
first year, the corporation issued 2,100 shares of $50 par value
preferred stock and 100,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2019, $6,350; 2020, $14,500; and 2021, $29,000.
Show the allocation of dividends to each class of stock,
assuming the preferred stock dividend is 7% and
noncumulative.
2019
2020
2021
Allocation to preferred stock
$
$
$...
Question 15 Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,100 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,350; 2020, $14,500; and 2021, $29,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common...
Coronado Industries was organized on January 1, 2021. During its
first year, the corporation issued 1,600 shares of $50 par value
preferred stock and 110,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2021, $5,400; 2022, $12,800; and 2023, $27,700.
Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. ( blank. Enter O for amounts.) 2021 2022 2023 Total dividend Allocation...
Bramble Corp. was organized on January 1, 2021. During its first
year, the corporation issued 1,800 shares of $50 par value
preferred stock and 115,000 shares of $10 par value common stock.
At December 31, the company declared the following cash dividends:
2021, $4,900; 2022, $14,000; and 2023, $29,400.
(a)
Show the allocation of dividends to each class of stock, assuming
the preferred stock dividend is 7% and noncumulative.
(Do not leave any answer field blank. Enter 0 for
amounts.)...
Carla Vista Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,475; 2020, $14,200; and 2021, $28,500. Show the allocation of dividends to each class of stack, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common stock...
ment Exercise 14-02-c Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 104,000 shares $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,850; 2020, 513,500; and 2021, 529,000. Show the allocation of dividends to each dass of stock, assuming the preferred stock dividend is 7 and noncumulative. 2019 2020 2021 Allocation to preferred stock Allocation to common...
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