Bernie Corporation has 200,000 shares of $10 par common stock outstanding and 100,000 shares of $100...
Bernie Corporation has 200,000 shares of $10 par common stock outstanding and 100,000 shares of $100 par, 6% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $3,000,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?
a. $6; $12. b. $18; $6.
c. $6; $6. d. None of these answer choices is correct
Homework Answers
Calculate dividend per share :
Annual dividend preferred stock = 100000*100*6% = 600000
Preferred dividend = 600000*3 = 1800000/100000 = 18 per share
Common stock dividend = (3000000-1800000)=1200000/200000 = 6 per share
so answer is b) 18;6
Add Answer to:
Bernie Corporation has 200,000 shares of $10 par common stock
outstanding and 100,000 shares of $100...
The Lara Company has 100,000 shares of common stock outstanding with a $10 per share par...
The Lara Company has 100,000 shares of common stock outstanding with a $10 per share par value. In addition, the company has 30,000 shares of preferred stock outstanding with a $100 par value. On this preferred stock, there is a 5 percent annual dividend that is cumulative. No dividend is paid on the preferred stock during Year One. Which of the following statements is true?
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.
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 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 dividends. 2016 total cash dividends $ 20,000 2018 total cash dividends $ 200,000 2017 total cash dividends 28,000 2019 total cash dividends 350,000 Exercise 11-8 Dividends on common and noncumulative preferred stock LO C2 Determine...
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par...
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par value and also 200,000 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 dividends 2015 $ 20,000 2016 28,000 2017 200,000 2018 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine...
Question 11 (8 points) On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100...
Question 11 (8 points) On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: 1. Preferred Stock 2. Common Stock Question 12 (6 points) On January 1, 2016, Alpha Corporation...
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares...
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Dividends of $37,500 are in arrears. At the end of the current year, the corporation declares a dividend of $120,000. The amount of preferred stock paid in the current year is ?
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 $...
The Northwest Corporation has outstanding 25,000 shares of 12 percent. $50 par value, noncumulative, nonparticipating preferred...
The Northwest Corporation has outstanding 25,000 shares of 12 percent. $50 par value, noncumulative, nonparticipating preferred stock and 100,000 authorized common shares of which 40,000 shares of $14 par value common stock are outstanding. The board of directors voted to distribute $125,000 as dividends in 2019, $164.000 in 2020, and $210,000 in 2021. (Round your answers to 2 decimal places.) 10 points BOOK 1. Compute the amount paid on each share of preferred stock in 2019 2. Compute the amount...
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par...
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 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 dividends. 2016 total cash dividends $ 20,000 2018 total cash dividends $ 200,000 2017 total cash dividends 28,000 2019 total cash dividends 350,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2...
The outstanding capital stock of Skysong Corporation consists of 2,000 shares of $100 par value, 8%...
The outstanding capital stock of Skysong Corporation consists of
2,000 shares of $100 par value, 8% preferred, and 5,100 shares of
$50 par value common.
Assuming that the company has retained earnings of $86,000, all of
which is to be paid out in dividends, and that preferred dividends
were not paid during the 2 years preceding the current year, state
how much each class of stock should receive under each of the
following conditions.
(a) The preferred stock is noncumulative...
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par value and also 200,000 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 dividends 2015 $ 20,000 2016 28,000 2017 200,000 2018 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine...
Question 11 (8 points) On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: 1. Preferred Stock 2. Common Stock Question 12 (6 points) On January 1, 2016, Alpha Corporation...
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 $...
The Northwest Corporation has outstanding 25,000 shares of 12 percent. $50 par value, noncumulative, nonparticipating preferred stock and 100,000 authorized common shares of which 40,000 shares of $14 par value common stock are outstanding. The board of directors voted to distribute $125,000 as dividends in 2019, $164.000 in 2020, and $210,000 in 2021. (Round your answers to 2 decimal places.) 10 points BOOK 1. Compute the amount paid on each share of preferred stock in 2019 2. Compute the amount...
The outstanding capital stock of Skysong Corporation consists of
2,000 shares of $100 par value, 8% preferred, and 5,100 shares of
$50 par value common.
Assuming that the company has retained earnings of $86,000, all of
which is to be paid out in dividends, and that preferred dividends
were not paid during the 2 years preceding the current year, state
how much each class of stock should receive under each of the
following conditions.
(a) The preferred stock is noncumulative...
Most questions answered within 3 hours.
-
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 25 minutes ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 1 hour ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 1 hour ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 2 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 2 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 2 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 2 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 3 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 3 hours ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 3 hours ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 3 hours ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 3 hours ago