Homework Answers
| Class of Stock | 2016 Dividend |
| Total Dividend | $100,000.00 |
| Preferred (162500*3%)* 4 year | $19,500.00 |
| Common (100000-19000) | $80,500.00 |
| Class of Stock | 2017 Dividend |
| Total Dividend | $250,000.00 |
| Preferred (162500*3%)* 4 year | $4,875.00 |
| Common (250000-4875) | $245,125.00 |
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A company had the following selected information on December 31, 2016, and December 31, 2017 (Click...
Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the...
Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the icon to view the data.) Ontario Manufacturing has paid all preferred dividends only through 2015. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $90,000 in 2018 and $189,000 in 2019. Begin with 2018. Calculate the total amounts of dividends to both Class of Stock 2018 Dividends Data Table - X...
Magestic Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the...
Magestic Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the icon to view the data.) Magestic Manufacturing has paid all preferred dividends only through 2015. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $60,000 in 2018 and $108,000 in 2019. Begin with 2018. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 if total dividends...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon to view the stockholders' equity) Read the requirements Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 total dividends are $23.400 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
Green Golf Club Corp. had the following stockholders' equity at December 31, 2017: Click the icon...
Green Golf Club Corp. had the following stockholders' equity at December 31, 2017: Click the icon to view the stockholders' equity.) On June 30, 2018, Green Golf Club split its common stock 2-for-1. Prepare the stockholders' equity section of the balance sheet immediately after the split. Assume the balance in retained earnings is unchanged from December 31, 2017 Data Table Green Golf Club, Corp. Balance Sheet (Partial) June 30, 2018 Stockholders' Equity Stockholders' Equity Paid-In Capital: Paid-In Capital Common Stock...
Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2018: On December...
Carlos Company had the following stock outstanding and Retained
Earnings at December 31, 2018:
On December 31, 2018, the board of directors is considering the
distribution of a cash dividend to the common and preferred
stockholders. No dividends were declared during 2016 or 2017. Three
independent cases are assumed:
Case A:
The preferred stock is noncumulative; the total amount of 2018
dividends would be $22,000.
Case B:
The preferred stock is cumulative; the total amount of 2018
dividends would be...
Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock...
Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock (par $1; outstanding, 500,000 shares) $ 500,000 Preferred stock, 8% (par $10; outstanding, 21,000 shares) 210,000 Retained Earnings 900,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount...
Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock...
Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock (par $1; outstanding, 520,000 shares) $ 520,000 Preferred stock, 8% (par $10; outstanding, 21,200 shares) 212,000 Retained Earnings 902,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount...
At December 31, 2017, Azer Corp. reported the following stockholders' equity: Click on the icon to...
At December 31, 2017, Azer Corp. reported the following stockholders' equity: Click on the icon to view the stockholders' equity.) During 2018, Azer Corp. complete 1 (Click on the icon to view the Additional Requirement 1. Prepare Azer's statement of sto Total Treasury stockholders' stock equity Common Stock paid-in capital Retained earnings | IM Choose from any list or enter any number in the input fields and then continue to the next question. 900,000 130,000 Paid-in capital: Common stock, $10...
Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common Stock...
Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common Stock (par $1; outstanding, 490,000 shares) Preferred Stock, 8% (par $10; outstanding, 19,000 shares) Retained Earnings $ 490,000 190,000 966,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed: Case A: Case B: The preferred stock is noncumulative; the...
Data Table Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets...
Data Table Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets $ 42,750 $ 208,335 33,915 285,000 $ 42,770 105,560 33,670 182,000 Total Assets Liabilities Total Current Liabilities S 49.020 $ 29,484 - Print Done RA Data Table Other Assets 33,915 285,000 $ Total Assets 33,670 182,000 Liabilities Total Current Liabilities 49,020 $ 109,155 29,484 126,490 158,175 155,974 Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total...
Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the icon to view the data.) Ontario Manufacturing has paid all preferred dividends only through 2015. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $90,000 in 2018 and $189,000 in 2019. Begin with 2018. Calculate the total amounts of dividends to both Class of Stock 2018 Dividends Data Table - X...
Magestic Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: (Click the icon to view the data.) Magestic Manufacturing has paid all preferred dividends only through 2015. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $60,000 in 2018 and $108,000 in 2019. Begin with 2018. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 if total dividends...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon to view the stockholders' equity) Read the requirements Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 total dividends are $23.400 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
Green Golf Club Corp. had the following stockholders' equity at December 31, 2017: Click the icon to view the stockholders' equity.) On June 30, 2018, Green Golf Club split its common stock 2-for-1. Prepare the stockholders' equity section of the balance sheet immediately after the split. Assume the balance in retained earnings is unchanged from December 31, 2017 Data Table Green Golf Club, Corp. Balance Sheet (Partial) June 30, 2018 Stockholders' Equity Stockholders' Equity Paid-In Capital: Paid-In Capital Common Stock...
Carlos Company had the following stock outstanding and Retained
Earnings at December 31, 2018:
On December 31, 2018, the board of directors is considering the
distribution of a cash dividend to the common and preferred
stockholders. No dividends were declared during 2016 or 2017. Three
independent cases are assumed:
Case A:
The preferred stock is noncumulative; the total amount of 2018
dividends would be $22,000.
Case B:
The preferred stock is cumulative; the total amount of 2018
dividends would be...
At December 31, 2017, Azer Corp. reported the following stockholders' equity: Click on the icon to view the stockholders' equity.) During 2018, Azer Corp. complete 1 (Click on the icon to view the Additional Requirement 1. Prepare Azer's statement of sto Total Treasury stockholders' stock equity Common Stock paid-in capital Retained earnings | IM Choose from any list or enter any number in the input fields and then continue to the next question. 900,000 130,000 Paid-in capital: Common stock, $10...
Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common Stock (par $1; outstanding, 490,000 shares) Preferred Stock, 8% (par $10; outstanding, 19,000 shares) Retained Earnings $ 490,000 190,000 966,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed: Case A: Case B: The preferred stock is noncumulative; the...
Data Table Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets $ 42,750 $ 208,335 33,915 285,000 $ 42,770 105,560 33,670 182,000 Total Assets Liabilities Total Current Liabilities S 49.020 $ 29,484 - Print Done RA Data Table Other Assets 33,915 285,000 $ Total Assets 33,670 182,000 Liabilities Total Current Liabilities 49,020 $ 109,155 29,484 126,490 158,175 155,974 Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total...
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