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Question 3 Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of...
Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock...
Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders?
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of...
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2016 of $4,000; 2017 of $10,000; and 2018 of $20,000. Required: 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative For case la, journalize the declaration of the 2018 dividend...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common shares outstanding. A $40,000 dividend is declared by the company's board of directors in the current financial report. Assuming there are $6,000 dividends in arrears from the previous financial year, what are the dividends paid to preferred shareholders and common shareholders, respectively? A. Preferred stock: $9 per share; Common stock: $7.5 per share B. Preferred stock: $6 per share; Common stock: $5.5 per share...
PLEASE HELPPP Wade's outstanding stock consist of 40,000 shares of non-cumulative 7.5% preferred stock with a 10 par val...
PLEASE HELPPP
Wade's outstanding stock consist of 40,000 shares of non-cumulative 7.5% preferred stock with a 10 par value and also 10,000 shares of common stock with a $1 par value. During its first four years of operation the corporation declared and paid the following total cash dividens 2011 2012 2013 2014 $ 10,000.00 $ 35,000.00 $ 100,000.00 $ 196,000.00 $341,000.00 Determine the distribution of dividends between common & preferred stockholders each year and in total. Determine the distribution of...
Outstanding stock of the Kingbird Corporation included 49000 shares of $5 par common stock and 17500...
Outstanding stock of the Kingbird Corporation included 49000 shares of $5 par common stock and 17500 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Kingbird declared and paid dividends of $4900. In 2020, Kingbird declared and paid dividends of $24500. How much of the 2020 dividend was distributed to preferred shareholders? A.$13650. B.$26250. C.$8750. D.None of these answer choices are correct.
Nathan's Athletic Apparel has 2,000 shares of 6%, $100 par value preferred stock the company issued...
Nathan's Athletic Apparel has 2,000 shares of 6%, $100 par value preferred stock the company issued at the beginning of 2017. All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $25,000 in 2018. Required: 1. & 2. Assuming the preferred stock is cumulative and noncumulative, how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in...
Cash and Stock Dividends Debra Corporation has 24,000 shares of $1 par value common stock outstanding....
Cash and Stock Dividends Debra Corporation has 24,000 shares of $1 par value common stock outstanding. The company has $200,000 of retained earnings. At year-end, the company declares a cash dividend of $2.00 per share and a five percent stock dividend. The market price of the stock at the declaration date is $24 per share. Three weeks later, the company pays the dividends. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the journal entry...
(5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000...
(5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends b. Assuming...
4. ABC Company has 180,000 shares of common stock authorized and 50,000 shares issued and outstanding. The common stock...
4. ABC Company has 180,000 shares of common stock authorized and 50,000 shares issued and outstanding. The common stock has a $1.50 Par value and a market value of $27 per share on October 10, 2016. On October 10, 2016, ABC declares and pays a 22% stock dividend to shareholders. Record all necessary journal entries. a. Assuming this is considered a SMALL Stock Dividend, record all necessary journal entries Credit Debit Accounts Date b. Assuming this is considered a LARGE...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders?
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2016 of $4,000; 2017 of $10,000; and 2018 of $20,000. Required: 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative For case la, journalize the declaration of the 2018 dividend...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common shares outstanding. A $40,000 dividend is declared by the company's board of directors in the current financial report. Assuming there are $6,000 dividends in arrears from the previous financial year, what are the dividends paid to preferred shareholders and common shareholders, respectively? A. Preferred stock: $9 per share; Common stock: $7.5 per share B. Preferred stock: $6 per share; Common stock: $5.5 per share...
PLEASE HELPPP
Wade's outstanding stock consist of 40,000 shares of non-cumulative 7.5% preferred stock with a 10 par value and also 10,000 shares of common stock with a $1 par value. During its first four years of operation the corporation declared and paid the following total cash dividens 2011 2012 2013 2014 $ 10,000.00 $ 35,000.00 $ 100,000.00 $ 196,000.00 $341,000.00 Determine the distribution of dividends between common & preferred stockholders each year and in total. Determine the distribution of...
Nathan's Athletic Apparel has 2,000 shares of 6%, $100 par value preferred stock the company issued at the beginning of 2017. All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $25,000 in 2018. Required: 1. & 2. Assuming the preferred stock is cumulative and noncumulative, how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in...
Cash and Stock Dividends Debra Corporation has 24,000 shares of $1 par value common stock outstanding. The company has $200,000 of retained earnings. At year-end, the company declares a cash dividend of $2.00 per share and a five percent stock dividend. The market price of the stock at the declaration date is $24 per share. Three weeks later, the company pays the dividends. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the journal entry...
(5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and 40,000 shares of $5 par value common stock outstanding throughout 2018. No dividends were paid in 2016 or 2017. Determine the dividend amount that should go to common and preferred shareholders for the following scenarios. a. Assuming that total dividends declared in 2018 were $150,000, and that the preferred stock is not cumulative and is not participating. Common Shareholders' Dividends Preferred Shareholders' Dividends b. Assuming...
4. ABC Company has 180,000 shares of common stock authorized and 50,000 shares issued and outstanding. The common stock has a $1.50 Par value and a market value of $27 per share on October 10, 2016. On October 10, 2016, ABC declares and pays a 22% stock dividend to shareholders. Record all necessary journal entries. a. Assuming this is considered a SMALL Stock Dividend, record all necessary journal entries Credit Debit Accounts Date b. Assuming this is considered a LARGE...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
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