Homework Answers
| The correct option is THIRD | ||||
| Dividend Right Per share | ||||
| Explanation: | ||||
| The preferred dividend has preferred the right for the dividend. It usually shows in dollars or %. | ||||
| Premium is a difference between the face value and market value of shares it does not show | ||||
| as shown in the question. | ||||
| Total Dividend does not show like shown in the question. | ||||
| In the given question par value is $100. | ||||
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3 pts Question 7 Corporation issues 100 shares of Preferred $2 stock, $100 par. What does...
Wildhorse Corporation has 8,200 shares of $100 par value, 7%, preferred stock and 46,200 shares of...
Wildhorse Corporation has 8,200 shares of $100 par value, 7%, preferred stock and 46,200 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 areas at December 1, 2017 Amount of dividends in arrears How should these dividends be reported? The cumulative dividend...
Sheffield Corporation has 8,700 shares of $100 par value, 9%, preferred stock and 48,300 shares of...
Sheffield Corporation has 8,700 shares of $100 par value, 9%, preferred stock and 48,300 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 cumulative dividend...
Question 4 Novak Corporation has 10,600 shares of $100 par value, 8%, preferred stock and 45,700...
Question 4 Novak Corporation has 10,600 shares of $100 par value, 8%, preferred stock and 45,700 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,...
Sanchez Company has 50,000 shares of 2% preferred stock of $100 par and 94,000 shares of...
Sanchez Company has 50,000 shares of 2% preferred stock of $100 par and 94,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $513,000 Year 2 $488,000 $554,000 Year 3 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $ Preferred dividend $ $ $ Common dividend Dividends per share: Preferred stock TA...
Question 4 Bridgeport Corporation has 8,400 shares of $100 par value, 8%, preferred stock and 49,600...
Question 4 Bridgeport Corporation has 8,400 shares of $100 par value, 8%, preferred stock and 49,600 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,...
Texas Inc. has 5,246 shares of 8%, $100 par value cumulative preferred stock and 89,366 shares of $1 par value common s...
Texas Inc. has 5,246 shares of 8%, $100 par value cumulative preferred stock and 89,366 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. $41,968 in total b. $80.00 per share c. $7,149 in total d. $5,246 in total A company with 111,062 authorized shares of $8 par common stock issued 38,702 shares at $13 per share. Subsequently, the company declared a 2% stock dividend on a date...
The shares of preferred stock issued by Saturn Corporation can be exchanged for common stock. However,...
The shares of preferred stock issued by Saturn Corporation can be exchanged for common stock. However, any dividends in arrears are lost. Which of the following features are present in the preferred stock issued by Saturn? Select all answers that apply to this question. Convertible Redeemable Cumulative Noncumulative EyeCare Corporation issued 10,000 shares of 7%, $100 par value preferred stock at the beginning of Year 1. The company did not pay dividends in Year 1. However, preferred stockholders received dividends...
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares...
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...
Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of...
Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for the first year. a.$0.50 and $0.10 b.$2.00 and $0 c.$0.50 and $0 d.$0 and $0.10 A corporation has 49,347 shares of $38 par stock outstanding that has a current market value of $350...
York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par...
York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 190,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 18,000 28,000 300,000 450,000 Determine the amount of dividends paid each year to...
Wildhorse Corporation has 8,200 shares of $100 par value, 7%, preferred stock and 46,200 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 areas at December 1, 2017 Amount of dividends in arrears How should these dividends be reported? The cumulative dividend...
Sheffield Corporation has 8,700 shares of $100 par value, 9%, preferred stock and 48,300 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 cumulative dividend...
Question 4 Novak Corporation has 10,600 shares of $100 par value, 8%, preferred stock and 45,700 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,...
Sanchez Company has 50,000 shares of 2% preferred stock of $100 par and 94,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $513,000 Year 2 $488,000 $554,000 Year 3 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $ Preferred dividend $ $ $ Common dividend Dividends per share: Preferred stock TA...
Question 4 Bridgeport Corporation has 8,400 shares of $100 par value, 8%, preferred stock and 49,600 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,...
Texas Inc. has 5,246 shares of 8%, $100 par value cumulative preferred stock and 89,366 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. $41,968 in total b. $80.00 per share c. $7,149 in total d. $5,246 in total A company with 111,062 authorized shares of $8 par common stock issued 38,702 shares at $13 per share. Subsequently, the company declared a 2% stock dividend on a date...
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...
York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 190,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 18,000 28,000 300,000 450,000 Determine the amount of dividends paid each year to...
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