Homework Answers
Solution 1]
| DIVIDEND YIELD | dividend per year | ||||||
| pref share | 20,000.00 | 3% | par value | 100.00 | 20,00,000.00 | 60,000.00 | |
| common stock | 50,000.00 | - | par value | 10.00 | 5,00,000.00 | - | |
| TOTAL DIVIDEND | TOTAL DIVIDEND | DIVIDEND PER SHARE | DIVIDEND PER SHARE | ||||
| Revenue | pref share | common stock | pref share | common stock | |||
| year 1 | 1,50,000.00 | 60,000.00 | 90,000.00 | 3.00 | 1.8 | ||
| year 2 | 30,000.00 | 30,000.00 | - | 1.50 | 0 | ||
| year 3 | 1,80,000.00 | 90,000.00 | 90,000.00 | 4.50 | 1.8 |
Solution 2]
| DATE | PARTICULARS | DEBIT AMT | CREDIT AMT |
| Jan-22 | CASH A/C | 10,80,000.00 | |
| TO COMMON STOCK | 10,80,000.00 | ||
| [BEING COMMON STOCK ISSUED @ 40$ PER SHARE] | |||
| Feb-14 | CASH A/C | 6,00,000.00 | |
| TO 6% PREF SHARES | 6,00,000.00 | ||
| [BEING 6% PREF SHARES ISSUED @ 60$ PER SHARE] | |||
| Aug-30 | CASH A/C | 15,18,000.00 | |
| TO 6% PREF SHARES | 13,80,000.00 | ||
| TO SECURITIES PREMIUM A/C | 1,38,000.00 | ||
| [BEING 6% PREF SHARES ISSUED AT PREIMUM OF 6$ AND A PAR VALUE OF 60$] |
Solution 3]
| STOCK HOLDER'S EQUITY | |||
| Paid-in capital: | |||
| Common stock, 70$ par ( 40000 authorised, 24000 issued) | 16,80,000 | ||
| Excess over par | 3,84,000 | ||
| Paid-in capital, common sttock | 20,64,000 | ||
| From sale of treasury stock | 84,000 | ||
| Total paid-in capital | 21,48,000 | ||
| Retained earnings | 9,07,000 | ||
| Total | 30,55,000 | ||
| Treasury stock | 41,000 | ||
| TOTAL STOCK HOLDER'S EQUITY | 30,96,000 |
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