Alto Company issued 1000 shares of 7% preferred stock with a $100 par value. This means...
Alto Company issued 1000 shares of 7% preferred stock with a $100 par value. This means that:
Multiple Choice
-
The maximum total dividends preferred stockholders have a right to for any given year is $7
-
The maximum total dividends preferred stockholders have a right to for any given year is $70
-
Preferred shareholders have a guaranteed dividend.
-
The maximum total dividends preferred stockholders have a right to for any given year is $7000
Homework Answers
Dividend = 100 * 7 % = $ 7 per preferred stock
This dividend is needed to be paid only if there is income available.
maximum total dividends preferred stockholders = 1000 * 100 * 7 % = $ 7000
OPTION D IS CORRECT.
Add Answer to:
Alto Company issued 1000 shares of 7% preferred stock with a
$100 par value. This means...
Nathan's Athletic Apparel has 1,800 shares of 7%, $100 par value preferred stock the company issued...
Nathan's Athletic Apparel has 1,800 shares of 7%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $27,000 in 2021 Required: 1. & 2. How much of the $27,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par...
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...
10 Torino Company has 10,000 shares of $5 par value, 4% cumulative and nonparticipating preferred stock...
10 Torino Company has 10,000 shares of $5 par value, 4% cumulative and nonparticipating preferred stock and 100,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: Multiple Choice
Torino Company has 2,900 shares of $20 par value, 7.0% cumulative and nonparticipating preferred stock and...
Torino Company has 2,900 shares of $20 par value, 7.0% cumulative and nonparticipating preferred stock and 29,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $3,500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: Multiple Choice $4,060. $4,620. $560. $8,120. $3,500.
Torino Company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and...
Torino Company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $3,500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: Multiple Choice $400 $4,300 $3,500 $3,900 $7,800
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000...
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...
the par value of shares issued is normally recorded in t The par value of shares issued is normally recorded in th...
the par value of shares issued is normally recorded in t
The par value of shares issued is normally recorded in the Multiple Choice Additional Paid-in Capital account C) Common Stock account. ) Retained Earnings account. O Treasury Stock account. < Prey 8 of 30 !!! Next > GES A noncash asset that is distributed to stockholders is referred to as a: Multiple Choice O Treasury dividend. Property dividend. Preferred dividend. Real dividend < Prev 70 30 | Next >
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value...
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much...
Stockholders' equity of Ernst Company consists of 80,000 shares of $5 par value, 10% cumulative preferred...
Stockholders' equity of Ernst Company consists of 80,000 shares of $5 par value, 10% cumulative preferred stock and 280.000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $125,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company Par Value per Preferred Share Dividend...
Stockholders' equity of Ernst Company consists of 78,000 shares of $5 par value, 10% cumulative preferred...
Stockholders' equity of Ernst Company consists of 78,000 shares of $5 par value, 10% cumulative preferred stock and 270,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $115,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company. Par Value per Preferred Share Dividend...
Nathan's Athletic Apparel has 1,800 shares of 7%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $27,000 in 2021 Required: 1. & 2. How much of the $27,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What...
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...
10 Torino Company has 10,000 shares of $5 par value, 4% cumulative and nonparticipating preferred stock and 100,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: Multiple Choice
Torino Company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $3,500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: Multiple Choice $400 $4,300 $3,500 $3,900 $7,800
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...
the par value of shares issued is normally recorded in t
The par value of shares issued is normally recorded in the Multiple Choice Additional Paid-in Capital account C) Common Stock account. ) Retained Earnings account. O Treasury Stock account. < Prey 8 of 30 !!! Next > GES A noncash asset that is distributed to stockholders is referred to as a: Multiple Choice O Treasury dividend. Property dividend. Preferred dividend. Real dividend < Prev 70 30 | Next >
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much...
Stockholders' equity of Ernst Company consists of 80,000 shares of $5 par value, 10% cumulative preferred stock and 280.000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $125,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company Par Value per Preferred Share Dividend...
Stockholders' equity of Ernst Company consists of 78,000 shares of $5 par value, 10% cumulative preferred stock and 270,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $115,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company. Par Value per Preferred Share Dividend...
Most questions answered within 3 hours.
-
NASA's Ames Research Center in Mountain View, California, houses
a 20g centrifuge used to conduct research...
asked 40 minutes ago -
I want a python code using recursion ONLY.
I cannot use any loops, dictionaries or modules....
asked 40 minutes ago -
Tobin Supplies Company expects sales next year to be $450,000.
Inventory and accounts receivable will increase...
asked 1 hour ago -
Give the relative rates for the following with a neighbor at your
desk
PH3(g) to P4(g)...
asked 1 hour ago -
Suppose Acap Corporation will pay a dividend of $2.87 per share
at the end of this...
asked 2 hours ago -
Scientists make earthquake forecasts using data from:
A.
geodesy
B.
seismology
C.
geology
D.
paleoseismology
E....
asked 2 hours ago -
Employee training can
be defined as planned organizational efforts to help employees
learn job-related knowledge, skills,...
asked 3 hours ago -
Which for loop is implemented correctly in Java?
Group of answer choices
for (i = 0...
asked 4 hours ago -
Required information
[The following information applies to the questions
displayed below.]
In 2019, Alliant Corporation acquired...
asked 4 hours ago -
How much must I invest today if I want to withdraw 1/3 of my
original investment...
asked 6 hours ago -
What is meant by a “term premium”?
What can explain such a premium? Is it a...
asked 8 hours ago -
23. Which molecule has only covalent bonds? A. CO2 B. Al2O3 C.
Mg3N2
24. The octet...
asked 8 hours ago