Homework Answers
(1) In non cumulative preference share, dividend should not be accumulated for past years
Common stockholder receive dividend in year 5 = Total dividend – Preferred dividend of current year
= $250000 – (10000 shares * $100 * 10%) = $150000
Option a is correct
(2) In cumulative preference share, dividend should be accumulated for past years
Preferrence stockholder of Logo receive dividend in year 5 = Total dividend – Preferred dividend of current year – Preferrence dividend of Year 4
= $200000 – (10000 shares * $100 * 8%) - (10000 shares * $100 * 8%) = $40000
Option c is correct
ANSWER :
First question : Option a : $150000
2nd question : Option b. $160000
Add Answer to:
options are
a. 150,000
b. 250,000
c. 100,000
options are
a. 200,000
b. 160,000
c. 40,000...
The shares of preferred stock issued by Saturn Corporation can be exchanged for common stock. However,...
The shares of preferred stock issued by Saturn Corporation can be exchanged for common stock. However, any dividends in arrears are lost. Which of the following features are present in the preferred stock issued by Saturn? Select all answers that apply to this question. Convertible Redeemable Cumulative Noncumulative EyeCare Corporation issued 10,000 shares of 7%, $100 par value preferred stock at the beginning of Year 1. The company did not pay dividends in Year 1. However, preferred stockholders received dividends...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings 267,500 Total stockholders’ equity $ 967,500 Determine the book value per share of the preferred and common stock under two separate situations. 1. No preferred dividends are in arrears. Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding...
1. A bond with a face value of $200,000 and a quoted price of 102¼ has...
1. A bond with a face value of $200,000 and a quoted price of 102¼ has a selling price of a. $240,450. b. $204,050. c. $200,450. d. $204,500. 2. If the market interest rate is greater than the contractual interest rate, bonds will sell a. at a premium. b. at face value. c. at a discount. d. only after the stated interest rate is increased. 3. If Vickers Company issues 4,000 shares of $5 par value common stock...
20) Arm, Inc., has 10,000 shares of 6%, $100 par value, noncumulative preferred stock and 100,000...
20) Arm, Inc., has 10,000 shares of 6%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $200,000 dividend, the A) preferred stockholders will receive 1/10th of what the common stockholders will receive. B) preferred stockholders will receive the entire $200,000. (wrong) C) $60,000 will be held as restricted retained earnings and paid out at some future date. D) preferred stockholders will...
Amelia Corporation has the following information in its financial statement: Preferred Stock 6%, $100 par, cumulative,...
Amelia Corporation has the following information in its financial statement: Preferred Stock 6%, $100 par, cumulative, 10,000 shares authorized $ 540,000 Common Stock, $2 par, 400,000 shares authorized, 320,000 issued 640,000 Paid-in-Capital – Preferred 760,000 Paid-in Capital – Common 2,560,000 Retained earnings 2,373,400 1. If Amelia paid a total of $75,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears.) A) $0.23 per share B) $0.13 per...
The net worth of a corporation consisted of: Preferred Stock- 6% cumulative participating par value $100/share,...
The net worth of a corporation consisted of: Preferred Stock- 6% cumulative participating par value $100/share, 2000 shares outstanding- $200,000 Common stock $50 par value, 3000 shares outstanding-$150,000 Retained earnings - $70000 Common stockholders receive $3 a share after preferred stockholders receive 6% dividends; any remaining dividends are shared: $2 a share prefered, $1 a share common. Dividends have not yet been paid for the year. The book value of a share of common stock is:
(All work should be in excel format.) 1 On Dec 31 2017, Best Footwear Ever has...
(All work should be in excel format.) 1 On Dec 31 2017, Best Footwear Ever has outstanding $500,000 face amount, 9%, 20-year convertible bonds that pay interest semiannually. After semiannual amortization on Dec. 31, 2017, the remaining bond premium is $8,000. On the first day of the next fiscal year ( January 1, 2018), 50% (half) of the bonds are converted to 750 shares of $50 par value common stock. The market value of the shares issued is $250,000. Prepare...
Ch 11 -2 Activities 1. The following accounts appear in the ledger of Bradley, Inc., after...
Ch 11 -2 Activities 1. The following accounts appear in the ledger of Bradley, Inc., after the books are closed at December 31, 2010 Common Stock, $1 par value, 800,000 shares authorized, 500,000 shares issued $500,000 Common Stock Dividends Distributable 80,000 Paid-in Capital in Excess of Par Value-Common Stock 950,000 Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 3,000 shares issued 300,000 Retained Earnings 550.000 Treasury Stock (10,000 common shares) 40.000 Paid-in Capital in Excess of Par Value-Preferred Stock...
The equity section of Cyril Corporation's balance sheet shows the following: $ 250,000 Preferred stock—6% cumulative,...
The equity section of Cyril Corporation's balance sheet shows the following: $ 250,000 Preferred stock—6% cumulative, $25 par value, 10,000 shares issued and outstanding ......... Common stock-$8 par value, 100,000 shares issued and outstanding...... Retained earnings .............. Total stockholders' equity ............ 800,000 535,000 $1,585,000 Chapter 13 Accounting for Corporations This year's dividen e dividends on preferred stock have been paid. Determine the book value per share of common cook under two separate situations. No preferred dividends are in arrears. Three...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% ,...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% , $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Bot wants to pay $375,000 of dividends in 2020, what amount of dividends will common stockholders receive? Determine dividends paid to common stockholders BE14.3 (LO 1) Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock...
Ch 11 -2 Activities 1. The following accounts appear in the ledger of Bradley, Inc., after the books are closed at December 31, 2010 Common Stock, $1 par value, 800,000 shares authorized, 500,000 shares issued $500,000 Common Stock Dividends Distributable 80,000 Paid-in Capital in Excess of Par Value-Common Stock 950,000 Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 3,000 shares issued 300,000 Retained Earnings 550.000 Treasury Stock (10,000 common shares) 40.000 Paid-in Capital in Excess of Par Value-Preferred Stock...
The equity section of Cyril Corporation's balance sheet shows the following: $ 250,000 Preferred stock—6% cumulative, $25 par value, 10,000 shares issued and outstanding ......... Common stock-$8 par value, 100,000 shares issued and outstanding...... Retained earnings .............. Total stockholders' equity ............ 800,000 535,000 $1,585,000 Chapter 13 Accounting for Corporations This year's dividen e dividends on preferred stock have been paid. Determine the book value per share of common cook under two separate situations. No preferred dividends are in arrears. Three...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% , $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Bot wants to pay $375,000 of dividends in 2020, what amount of dividends will common stockholders receive? Determine dividends paid to common stockholders BE14.3 (LO 1) Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock...
Most questions answered within 3 hours.
-
(63
#14)
which of the following statments best describes how chamging
the concentration of the substances...
asked 1 hour ago -
In the following reaction, which element is undergoing
oxidation: Na2SO3 + N2O --> N2 + Na2SO4...
asked 2 hours ago -
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 5 hours ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 5 hours ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 5 hours ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 6 hours ago -
Assuming the following has been encrypted with a Vigenere cipher
below, use the method(s) and assumptions...
asked 7 hours ago -
How would I use switch statements to write a program that will
take an input of...
asked 7 hours ago -
Imagine a reaction in which methane gas combusts at a constant
pressure of 1 atm and...
asked 7 hours ago -
Two parallel wires (each 12 m in length) are separated by a
distance of 0.065 m...
asked 7 hours ago -
Suppose there were three masses at the corner of uniform
equilateral triangle. The masses are m1...
asked 7 hours ago -
Situation: A building that is 618 m above the ground floor. How
many times would a...
asked 7 hours ago