1- | ||||
Year | 1 | 2 | 3 | 4 |
total dividend | 64400 | 137600 | 171250 | 198510 |
preferred dividend-Paid | 64400 | 127600 | 96000 | 96000 |
preferred dividend Accumulated | 31600 | 0 | 0 | 0 |
common dividend | 0 | 10000 | 75250 | 102510 |
Year | 1 | 2 | 3 | 4 |
Preferred dividend-paid | 64400 | 127600 | 96000 | 96000 |
no. of preferred stock outstanding | 20000 | 20000 | 20000 | 20000 |
preferred dividend per share = preferred dividend paid/no. of preferred stock outstanding | 3.22 | 6.38 | 4.8 | 4.8 |
Year | 1 | 2 | 3 | 4 |
common dividend paid | 0 | 10000 | 75250 | 102510 |
no. of common stock outstanding | 67000 | 67000 | 67000 | 67000 |
common dividend per share = common dividend paid/no.of common stock outstanding | 0.00 | 0.15 | 1.12 | 1.53 |
2- | ||||
Date | explanation | debit | credit | |
1- | retained earning | 21700 | ||
stock dividend distributable | 21700 | |||
2- | stock dividend distributable | 21700 | ||
common stock | 17500 | |||
additional paid in capital | 4200 | |||
before the stock dividend was declared | ||||
total paid in capital | 175000+35000 | 210000 | ||
total retained earning | 1925000 | |||
total stockholders equity | 2135000 | |||
After the stock dividend was declared | ||||
total paid in capital | (175000+17500)+(35000+4200) | 231700 | ||
total retained earning | 1925000-21700 | 1903300 | ||
total stockholders equity | 2135000 | |||
3- | ||||
Earning | 401700 | |||
preferred dividend | 3900*6 | 23400 | ||
earning to common stock holders | 378300 | |||
no. of common stock | 39000 | |||
basic earning per share | 378300/39000 | 9.7 | ||
4- | ||||
Dakota | ||||
Year | 1 | 2 | ||
EPS = net income/common share outstanding | 6.29 | 3.66 | ||
net income | 3765 | 2172 | ||
common shares outstanding | 599 | 594 | ||
Jersey | ||||
Year | 1 | 2 | ||
EPS = net income/common share outstanding | 8.71 | 5.70 | ||
net income | 3162 | 1905 | ||
common shares outstanding | 363 | 334 | ||
1- | Jersey | |||
2- | Dakota | |||
3- | Declined | |||
4- | decrease | |||
5- | Jersey |
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000...
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 4% stock, $160 par, and 67,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $85,800; second year, $180,200; third year, $208,010; fourth year, $208,400. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 4% stock, $120 par, and 40,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $38,640; second year, $86,560; third year, $106,640; fourth year, $130,000. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 2% stock, $160 par, and 73,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $47,080; second year, $103,720; third year, $132,140; fourth year, $163,840. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $110 par, and 33,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $14,700; second year, $39,300; third year, $49,280; fourth year, $73,480. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 17,000 shares of cumulative preferred 1% stock, $110 par, and 57,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,580; second year, $34,820; third year, $50,120; fourth year, $85,390. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 2% stock, $130 par, and 77,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,020; second year, $89,580; third year, $126,840; fourth year, $179,920. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 2% stock, $150 par, and 80,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $48,240; second year, $105,760; third year, $138,400; fourth year, $176,800. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 2% stock, $130 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,060; second year, $75,740; third year, $104,440; fourth year, $147,680. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 2% stock, $140 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $45,120; second year, $99,280; third year, $130,080; fourth year, $167,200. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 2% stock, $150 par, and 70,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $42,210; second year, $93,790; third year, $135,100; fourth year, $ 193,200. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal...