Homework Answers
1. preference shares are non-cummulative and not participating-
Since preference share are non cumulative, no dividend shall be paid for the arrear period of 2 years but the dividend for the year-end 2017, 2018, 2019 amounting to Rs. 130000, 210000, and 310000 respectively shall be paid.
2. Preference share is cumulative and non-participating-
Last 2 year dividend shall be paid= 500000*10%*2 years = 100000 and
But dividend for the year 2017, 2018, and 2019 shall be paid @ 10% i.e 500000*10%*3years= 150000
3. Preference share is non-cummulative but fully participating-
Since preference share are non cumulative, no dividend shall be paid for the arrear period of 2 years.
But dividend for the year 2017, 2018, and 2019 shall be paid @ 10% i.e 500000*10%*3years= 150000
4. A preference share is cumulative and fully participating-
The last 2-year dividend shall be paid= 500000*10%*2 years = 100000 and
the dividend for the year-end 2017, 2018, 2019 amounting to Rs. 130000, 210000, and 310000 respectively shall be paid.
5. Preference shares are non cumulative but participating up to an additional 8%-
Since preference share are non cumulative, no dividend shall be paid for the arrear period of 2 years.
here the preference share are participating, then dividend for the year 2017, 2018, and 2019 shall be paid @ 10% i.e 500000*10%*3years= 150000 and in addition to this additional 8% dividend shall be paid before paying to the common stockholders
Note- If share is cumulative then the dividend shall be paid whether declared or not. If the shares are non-cumulative, then the dividend shall be paid only if the dividend is declared for the year.
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Kindly please provide explanations and indicate the exact
amount for the excess, arrears and current dividend....
Please provide explanations and the exact amount for arrears, excess and current dividend. m e De...
Please provide explanations and the exact amount for arrears,
excess and current dividend.
m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the...
Provide explanations and indicate if the amount is dividend in arrears, current and excess. m e...
Provide explanations and indicate if the amount is dividend in
arrears, current and excess.
m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for...
kindly provide explanations. K co E F G H I J 1 Copy and answer in...
kindly provide explanations.
K co E F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 4 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the last three years follows: 7 10% Preference Share capital, P100 par, 5,000 shares outstanding P500,000 8 Ordinary Share...
Provide explanations. m e De K ding U SA Cone S. s. Com BcDE F G...
Provide explanations.
m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the last three years follows: 7 10% Preference Share capital, P100 par,...
kindly provide explanations Instructions: Record the declaration Record the declaration and distribution of the above dividends....
kindly provide explanations
Instructions: Record the declaration Record the declaration and distribution of the above dividends. Exercise 9-7 Allocation of Cash Dividends to Preference and Ordinary Shareholders) The STU Co. has paid dividends for the last three years as follows: 2012 - P2,500,000; 2013 - P3,500,000; 2014 - P6,500,000. During the last three years, the company has the following outstanding share capital: 100.000 shares of P100 par, 12% Preference Share Capital and 500,000 shares of P10 par Ordinary Share Capital....
How to get the dividends per share in letters c and d? please answer letter E....
How to get the dividends per share in letters c and d? please
answer letter E.
Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows: 10% Preference share capital (P100 par, 50,000 shares) P5,000,000 Ordinary share capital (P10 par, 1,500,000 shares) 15,000,000 Retained earnings 5,000,000 Sample Corporation has never paid cash or share dividend. The capital accounts have not changed since Sample Corporation began operations on January 1, 2016. If the maximum amount...
Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows:...
Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows: 10% Preference share capital (P100 par, 50,000 shares) P5,000,000 Ordinary share capital (P10 par, 1,500,000 shares) 15,000,000 Retained earnings 5,000,000 Sample Corporation has never paid cash or share dividend. The capital accounts have not changed since Sample Corporation began operations on January 1, 2016. If the maximum amount available for cash dividend is declared on December 31, 2020? Requirements: Determine the amount of dividends...
The outstanding share capital of Pennington Corporation consists of 3,000 shares of $100 par value, 5%...
The outstanding share capital of Pennington Corporation consists of 3,000 shares of $100 par value, 5% preference, and 9,000 shares of $50 par value ordinary. Assuming that the company has retained earnings of $100,000, all of which is to be paid out in dividends. One year’s dividends are in arrears on the preference shares. Required: Determine how much each class of shares should receive under each of the following conditions. 1. The preference shares are non-cumulative and non-participating. 2. The...
Exercise 11.6 Preference share Alternatives L.O. 5, 6 Walker Limited has the following capital structure: Preference...
Exercise 11.6 Preference share Alternatives L.O. 5, 6 Walker Limited has the following capital structure: Preference shares— $25 par value, 10,000 shares authorized, 8,900 shares issued and outstanding Ordinary shares— 510 par value, 100,000 shares authorized 80,000 shares issue and outstanding $ 222,500 800,000 Total issued and fully paid capital Retained earnings $1,022,500 550,000 Total shareholders' equity $1,572,500 The number of issued and outstanding shares of both preference and ordinary shares have been the same for the last two years....
Please provide explanations and the exact amount for arrears,
excess and current dividend.
m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the...
Provide explanations and indicate if the amount is dividend in
arrears, current and excess.
m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for...
kindly provide explanations.
K co E F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 4 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the last three years follows: 7 10% Preference Share capital, P100 par, 5,000 shares outstanding P500,000 8 Ordinary Share...
Provide explanations.
m e De K ding U SA Cone S. s. Com BcDE F G H I J 1 Copy and answer in 1 whole yellow pad ABC Corporation declared and paid cash dividends for the last 3 years as follows: 2017- 130,000, 2018 - 210,000, 2019 - 310,000. No dividends were paid for two years prior to 5 2017. The capital structure of the Company for the last three years follows: 7 10% Preference Share capital, P100 par,...
kindly provide explanations
Instructions: Record the declaration Record the declaration and distribution of the above dividends. Exercise 9-7 Allocation of Cash Dividends to Preference and Ordinary Shareholders) The STU Co. has paid dividends for the last three years as follows: 2012 - P2,500,000; 2013 - P3,500,000; 2014 - P6,500,000. During the last three years, the company has the following outstanding share capital: 100.000 shares of P100 par, 12% Preference Share Capital and 500,000 shares of P10 par Ordinary Share Capital....
How to get the dividends per share in letters c and d? please
answer letter E.
Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows: 10% Preference share capital (P100 par, 50,000 shares) P5,000,000 Ordinary share capital (P10 par, 1,500,000 shares) 15,000,000 Retained earnings 5,000,000 Sample Corporation has never paid cash or share dividend. The capital accounts have not changed since Sample Corporation began operations on January 1, 2016. If the maximum amount...
Problem No. 6 At December 31, 2020, the equity accounts of Sample Corporation were as follows: 10% Preference share capital (P100 par, 50,000 shares) P5,000,000 Ordinary share capital (P10 par, 1,500,000 shares) 15,000,000 Retained earnings 5,000,000 Sample Corporation has never paid cash or share dividend. The capital accounts have not changed since Sample Corporation began operations on January 1, 2016. If the maximum amount available for cash dividend is declared on December 31, 2020? Requirements: Determine the amount of dividends...
Exercise 11.6 Preference share Alternatives L.O. 5, 6 Walker Limited has the following capital structure: Preference shares— $25 par value, 10,000 shares authorized, 8,900 shares issued and outstanding Ordinary shares— 510 par value, 100,000 shares authorized 80,000 shares issue and outstanding $ 222,500 800,000 Total issued and fully paid capital Retained earnings $1,022,500 550,000 Total shareholders' equity $1,572,500 The number of issued and outstanding shares of both preference and ordinary shares have been the same for the last two years....
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