the ____featire found with many issues of preferred stock requires that all current and past due...
the ____featire found with many issues of preferred
stock requires that all current and past due preferred dividends
must be paid prior to any dividend payout to common
shareholders.
a. cumulative
b. participating
c. convertible
d. historical
Homework Answers
Option A Cumulative Preferred Stock.
Cumulative Preferred Stock is a class of preferred stock whose dividends accumulate if they are not paid in any year and must be paid in future before any dividends are paid to common stockholders
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the ____featire found with many issues of preferred
stock requires that all current and past due...
If preferred dividends are cumulative, then upon purchase, preferred shareholders receive all prior paid dividends. prior...
If preferred dividends are cumulative, then upon purchase, preferred shareholders receive all prior paid dividends. prior unpaid dividends must be paid in addition to the current year's dividend before common stockholders can received any dividends. each periods dividend is greater than the prior dividend.
(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...
1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock and...
1. (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....
U5. 1. (5 points) Cheyenne Corp. had 5,000 shares of 7%, $100 par value preferred stock...
U5. 1. (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...
For all of 2019 and 2020, Gentry had the following stock issued and outstanding: Preferred: 7,000...
For all of 2019 and 2020, Gentry had the following stock issued and outstanding: Preferred: 7,000 shares, 5%, $50 par value per share Common: 8,000 shares, $20 par value per share For 2020, Gentry declared a dividend of $40,000. For 2019, Gentry paid a preferred dividend of $2,000. Required: (1) For each of the three independent cases below, find how the $40,000 dividend for 2020 is payable to preferred and common shareholders. Use a format similar to that provided for...
Grand Inc. issued 3,000 shares of preferred stock. The preferred stock contains the following features: 1....
Grand Inc. issued 3,000 shares of preferred stock. The preferred stock contains the following features: 1. The holder is entitled to receive a promised dividend amount each year. If the dividend cannot be paid in a given year, the dividend does not accrue and past dividends need not be paid. 2. The company retains the right to redeem and cancel the preferred stock at any time it wishes. This preferred stock is: Select one: a. Noncumulative and voting preferred stock....
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value...
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much...
2. (8 points) In 2019, Dunning Company has $8,000,000 available for dividends. The company has preferred...
2. (8 points) In 2019, Dunning Company has $8,000,000 available for dividends. The company has preferred stock, $1,000 par value, 5% annual dividend, total par value of $10,000,000. The preferred stock is cumulative and participating. In 2018, the company was unable to pay dividends, but paid preferred stock dividends in all prior periods. The company also has common stock with a total par value of the outstanding shares of $40,000,000 Instructions Compute the dividends payable for the preferred stock and...
Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019
Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $7,000 in 2018 and $54,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on...
Preferred dividends Acura Labs Inc. has an outstanding issue of preferred stock with a par value...
Preferred dividends Acura Labs Inc. has an outstanding issue of preferred stock with a par value of $40 and an 8% annual dividend. a. What is the annual dollar dividend? If it is paid quarterly, how much will be paid each quarter? b. If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 4 quarters, how much must be paid to preferred stockholders in the current quarter before dividends are paid...
(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...
1. (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....
U5. 1. (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...
For all of 2019 and 2020, Gentry had the following stock issued and outstanding: Preferred: 7,000 shares, 5%, $50 par value per share Common: 8,000 shares, $20 par value per share For 2020, Gentry declared a dividend of $40,000. For 2019, Gentry paid a preferred dividend of $2,000. Required: (1) For each of the three independent cases below, find how the $40,000 dividend for 2020 is payable to preferred and common shareholders. Use a format similar to that provided for...
Grand Inc. issued 3,000 shares of preferred stock. The preferred stock contains the following features: 1. The holder is entitled to receive a promised dividend amount each year. If the dividend cannot be paid in a given year, the dividend does not accrue and past dividends need not be paid. 2. The company retains the right to redeem and cancel the preferred stock at any time it wishes. This preferred stock is: Select one: a. Noncumulative and voting preferred stock....
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much...
2. (8 points) In 2019, Dunning Company has $8,000,000 available for dividends. The company has preferred stock, $1,000 par value, 5% annual dividend, total par value of $10,000,000. The preferred stock is cumulative and participating. In 2018, the company was unable to pay dividends, but paid preferred stock dividends in all prior periods. The company also has common stock with a total par value of the outstanding shares of $40,000,000 Instructions Compute the dividends payable for the preferred stock and...
Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $7,000 in 2018 and $54,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on...
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