![Question 2 The shareholders equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued Share capital, 5,000,000 common shares authorized, 1,250,000 $213,600 $213,600 common shares issued (2019-1,050,000 shares) Retained earnings Total shareholders equity 5,200,000 4,200,000 3,979,000 3,187,000 $9,392,600 $7,600,600 During 2020, Deer paid a total of $114,300 in cash dividends, [y] Your answer is correct. Assume the preferred shares were not in arrears at December 31, 2019. How was the $114,300 in cash dividends distributed between the two types of shares in 2020? 5340 1143 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. ▼ (b) Assume the preferred share dividends were in arrears for one year; that is, the dividends were not paid in 2019. How was the $114,300 in cash dividends distributed between the two classes of shares? 2019 2020](http://img.homeworklib.com/questions/ee074b90-b0c4-11ea-8878-0df0e2263d16.png?x-oss-process=image/resize,w_560)
Homework Answers
| Annual Preferred Dividends = 26700*2 = $53400 | ||||
| Preferred | Common | Total | ||
| 2019 arrears | 53400 | 0 | 53400 | |
| 2020 | 53400 | 7500 | 60900 | |
| 106800 | 7500 | 114300 | ||
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Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,202,000 $9,613,300 4,280,000 3,404,000 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Assume the preferred shares were not...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,280,000 4,202,000 3,404,000 $9,613,300 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Your answer is correct. Assume the...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,280,000 4,202,000 3,404,000 $9,613,300 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Your answer is correct. Assume the...
I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR. THANK YOU IN...
I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR.
THANK YOU IN ADVANCE!!
I need Answers for all 3 columns; Preferred, Common and
Total, please.
I need answers for all Credit and Debit columns please,
thank you!
Current Attempt in Progress The shareholders'equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued $213,600 Share capital, 5,000,000 common shares authorized...
Accounting help me ASAP please help me
The shareholders’ equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows:20202019Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued$181,300$181,300Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019—1,070,000 shares)5,230,0004,280,000Retained earnings4,202,0003,404,000Total shareholders’ equity$9,613,300$7,865,300During 2020, Deer paid a total of $137,200 in cash dividends.Assume the preferred shares were not in arrears at December 31, 2019. How was the $137,200 in cash dividends distributed between the two types of shares in 2020?PreferredCommon Total2020$ $ $ Assume the preferred share dividends were in arrears for one year; that is, the dividends were...
The Shareholders’ Equity section of Hamilton Design Company’s December 31, 2019, balance sheet ap...
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Bridgeport Corp. reported the following amounts in the shareholders’ equity section of its December 31, 2019...
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Question 7 IMA Believer Corp’s balance sheet reported the following shareholders’ equity as of December 31,...
Question 7 IMA Believer Corp’s balance sheet reported the following shareholders’ equity as of December 31, 2016: Beginning of the Year End of the Year Current assets $62,000 $82,000 Current liabilities 25,000 55,000 Plant and equipment 300,000 350,000 Long-term liabilities 50,000 75,000 Common shareholders’ equity 125,000 225,000 Preferred shareholders’ equity 60,000 85,000 Share Capital: Preferred shares, $100 stated value; $5 cumulative, 10,000 shares authorized, 10,000 issued $1,000,000 Common shares 200,000 shares authorized, 50,000 shares issued 500,000 Total share capital $2,500,000...
Problem 15-8 Concord Mills Ltd. had the following shareholders' equity at January 1, 2020. Preferred shares, 8%, $100 p...
Problem 15-8 Concord Mills Ltd. had the following shareholders' equity at January 1, 2020. Preferred shares, 8%, $100 par value, 10,000 shares authorized, 3,400 shares issued Common shares, $2 par value, 200,000 shares authorized, 70,000 shares issued Common shares subscribed, 9,400 shares Contributed surplus-preferred Contributed surplus-common Retained earnings $340,000 140,000 18,800 17,000 934,000 769,000 2,218,800 34,000 $2,184,800 Less: Common share subscriptions receivable Total shareholders' equity The contributed surplus accounts arose from amounts received in excess of the par value of...
Alloy Inc. has the following shareholders' equity Click the icon to view the data.) Answer these...
Alloy Inc. has the following shareholders' equity Click the icon to view the data.) Answer these questions about Alloy's dividends: 1. Are Alloy Inc.'s preferred shares cumulative or noncumulative? How can you tell? Assume there are no dividends in arrears. 2. Suppose Alloy Inc declares cash dividends of $14,000 for 2020. How much of the dividends goes to preferred shares? How much goes to common shares? 3. Suppose Alloy Inc. did not pay the preferred dividend in 2018 and 2019....
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,202,000 $9,613,300 4,280,000 3,404,000 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Assume the preferred shares were not...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,280,000 4,202,000 3,404,000 $9,613,300 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Your answer is correct. Assume the...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,280,000 4,202,000 3,404,000 $9,613,300 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Your answer is correct. Assume the...
I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR.
THANK YOU IN ADVANCE!!
I need Answers for all 3 columns; Preferred, Common and
Total, please.
I need answers for all Credit and Debit columns please,
thank you!
Current Attempt in Progress The shareholders'equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued $213,600 Share capital, 5,000,000 common shares authorized...
Problem 15-8 Concord Mills Ltd. had the following shareholders' equity at January 1, 2020. Preferred shares, 8%, $100 par value, 10,000 shares authorized, 3,400 shares issued Common shares, $2 par value, 200,000 shares authorized, 70,000 shares issued Common shares subscribed, 9,400 shares Contributed surplus-preferred Contributed surplus-common Retained earnings $340,000 140,000 18,800 17,000 934,000 769,000 2,218,800 34,000 $2,184,800 Less: Common share subscriptions receivable Total shareholders' equity The contributed surplus accounts arose from amounts received in excess of the par value of...
Alloy Inc. has the following shareholders' equity Click the icon to view the data.) Answer these questions about Alloy's dividends: 1. Are Alloy Inc.'s preferred shares cumulative or noncumulative? How can you tell? Assume there are no dividends in arrears. 2. Suppose Alloy Inc declares cash dividends of $14,000 for 2020. How much of the dividends goes to preferred shares? How much goes to common shares? 3. Suppose Alloy Inc. did not pay the preferred dividend in 2018 and 2019....
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