Par value per preferred share | Dividend rate | Dividend per preferred share | Number of preferred share | Preferred dividend for two years | |
Calculation of preferred dividend : | 5 | 11% | 0.55 | 87000 | 95700 |
Total cash dividend | 160000 | ||||
To preferred shareholders | 95700 | ||||
To common shareholders | 64300 |
Stockholders' equity of Ernst Company consists of 87,000 shares of $5 par value, 11% cumulative prefe...
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...
ASAP!!!! Stockholders' equity of Ernst Company consists of 80,00o0 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 Preferred Dividend for Par Value...
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...
i need help Stockholders' equity of Ernst Company consists of 75,000 shares of $5 par value, 7% cumulative preferred stock and 255,000 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 $100,000 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...
Check Stockholders' equity of Ernst Company consists of 89,000 shares of $5 par value, 9% cumulative preferred stock and 325.000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Erst did not declare any dividends in the prior year, but it now declares and pays a $140,000 cash dividend at the current year end Determine the amount distributed to each class of stockholders for this two-year-old company ar Value per Preferred...
need help answering question Stockholders' equity of Ernst Company consists of 89,000 shares of $5 par value, 9% cumulative preferred stock and 325,000 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 $140,000 cash dividend at the current year-end. the amount distributed to each class of stockholders for this two-year-old company Par Value per...
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.
QS 11-10 Dividend allocation between classes of shareholders LO C2 Stockholders' equity of Ernst Company consists of 84,000 shares of $5 par value, 10% cumulative preferred stock and 300,000 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 $145,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders...
QS 13-12 Dividend allocation between classes of shareholders LO C2 Stockholders' equity of Ernst Company consists of 88,000 shares of $5 par value, 10% cumulative preferred stock and 320,000 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 $165,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders...
QS 11-12 Dividend allocation between classes of shareholders LO C2 Stockholders' equity of Ernst Company consists of 82,000 shares of $5 par value, 10% cumulative preferred stock and 290,000 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 $135,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders...