Homework Answers
The correct answer is: A $108000
Since the preference shares issued are cumulative preference shares, any dividend remaining unpaid in 1 year gets carried forward to the next year. This dividend should be paid before any dividend is paid to common stock holders.
Preference share Dividend accrued for 2016 = (9000*100)*4% = 36000
Preference share Dividend accrued for 2017 = 36000
Preference share Dividend accrued for 2018 = 36000
Total dividend to be paid = 108000
Add Answer to:
35) Burkert Company has 50,000 shares of $1 par value common stock issued and outstanding. The...
Assume CGM Corp has issued and outstanding 22,000 shares of 5%, $25 par value preferred stock...
Assume CGM Corp has issued and outstanding 22,000 shares of 5%, $25 par value preferred stock and issued and outstanding 15,000 shares of $15 stated value common stock. The board of directors declares dividends of $50,000, the preferred stock is cumulative, and $17,500 dividends is in arrears. What amount is allocated to common stockholders?
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000...
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...
Dehesa, Inc. has 8,000 shares of 5%, $15 par, cumulative preferred stock and 50,000 shares of...
Dehesa, Inc. has 8,000 shares of 5%, $15 par, cumulative preferred stock and 50,000 shares of $3 par common stock outstanding. No dividends were declared last year. However, the board of directors just declared a $34,000 dividend this year. What amount of the total dividend will be paid to common stockholders? $34,000 $22,000 $28,000 $12,000
Waterway Industries, has 16500 shares of 4%, $100 par value, cumulative preferred stock and 62000 shares...
Waterway Industries, has 16500 shares of 4%, $100 par value, cumulative preferred stock and 62000 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2016. The board of directors declares and pays a $113000 dividend in 2017 and in 2018. What is the amount of dividends received by the common stockholders in 2018?
Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative...
Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.95 per share dividend this year, what will be the total amount they must pay their shareholders? A. $117,000. B. $341,000. C. $327,000. D. $177,000. The ownership of common stock in a corporation usually carries the following rights: A. To vote for directors. B....
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares...
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $121500 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? $60750 $28200 $93300 $0 On January 1, Concord Corporation had 860000 shares of $10 par value common stock outstanding. On March...
Our company has 100,000 shares of $4 par 5% cumulative stock outstanding. This year the board...
Our company has 100,000 shares of $4 par 5% cumulative stock outstanding. This year the board of directors declared $80,000 in dividends (the total dividend, to be divided between preferred and common stock). Last year, $6,000 in dividends were declared. (1) "Dividends in arrears" is how much? (2) How much TOTAL dividend does preferred stock receive this year? (3) How much TOTAL dividend does common stock receive this year?
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares of $1 par value common stock outstanding at December 31, 2017. If the board of directors declares a $16250 dividend, the 1.$16250 will be held as restricted retained earnings and paid out at some future date. 2.preferred stockholders will receive 1/10th of what the common stockholders will receive. 3.preferred stockholders will receive the entire $16250. 4.preferred stockholders will receive $7250 and the common stockholders...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares...
Concord Corporation has 6500 shares of 4%, $100 par value, cumulative preferred stock and 65000 shares of $1 par value common stock outstanding at December 31, 2017. If the board of directors declares a $16250 dividend, the 1.16250 will be held as restricted retained earnings and paid out at some future date. 2.preferred stockholders will receive 1/10th of what the common stockholders will receive.3. 3.preferred stockholders will receive the entire $16250. 4.preferred stockholders will receive $7250 and the common stockholders...
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
Sheridan, Inc., has 9400 shares of 3%, $100 par value, noncumulative preferred stock and 37600 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $121500 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? $60750 $28200 $93300 $0 On January 1, Concord Corporation had 860000 shares of $10 par value common stock outstanding. On March...
Most questions answered within 3 hours.
-
For the following reaction, 0.128 moles of
potassium hydrogen sulfateare mixed with
0.504 moles of potassium...
asked 47 minutes ago -
1. What is the present value of $400, three years in the future
if the interest...
asked 1 hour ago -
The labor force minus the number of employed equals the number
of unemployed.
a. True
b....
asked 3 hours ago -
Determine the mass in units of grams​ [g] of 0.49 moles​ [mol]
of a new fictitious...
asked 3 hours ago -
A horizontal mass of M=5kg is on a spring and stretched to
x=0.5m when released from...
asked 5 hours ago -
26 of 50
"I have worked at the Arizona Humane Society for ten years, and
have...
asked 5 hours ago -
Compare and contrast zero based budgeting and incremental (or
base year) budgeting.
asked 5 hours ago -
4 pts 10. Which of the following hypothesis would be MOST
difficult to test experimentally? Group...
asked 5 hours ago -
A business owner makes 1,000 items a day. Each day he or she
contributes eight hours...
asked 5 hours ago -
A
circular loop in the plane of a paper lies inca0.65 T magnetic
field pointing into...
asked 5 hours ago -
A business owner is trying to decide whether to buy, rent, or
lease office space and...
asked 5 hours ago -
Thermal Storage Solar heating of a house is much more efficient
if there is a way...
asked 6 hours ago