The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock—5%,...
The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock—5%, $100 par, 4,500 shares outstanding $450,000 Common stock—$10 par, 58,000 shares outstanding 580,000 Paid-in capital in excess of par 210,000 Retained earnings 115,200 Total stockholders' equity $1,355,200 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred and common stockholders should receive if the preferred stock is cumulative and fully participating.
preferred stockholders $
Common stockholders $
Homework Answers
| Preferred | Common | Total | |
| Dividends in arrears ($450,000 * 5%) | $22,500 | $0 | $22,500 |
| Current year's dividends | $22,500 | $29,000 | $51,500 |
| Participating dividend (4%) | |||
| [($41,200/$1,030,000) *$450,000] | $18,000 | $23,200 | $41,200 |
| $63,000 | $52,200 | $115,200 |
preferred stockholders $63,000
Common stockholders $52,200
Add Answer to:
The stockholders' equity section of Lemay Corporation shows the
following on December 31, 2018: Preferred stock—5%,...
please show work The stockholders' equity section of Lemay Corporation shows the following on December 31,...
please show work
The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: $500,000 Preferred stock-5%, $100 par, 5,000 shares outstanding 590,000 Common stock-$10 par, 59,000 shares outstanding 180,000 Paid-in capital in excess of par 123,100 Retained earnings $1,393,100 Total stockholders' equity Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred and common stockholders...
View Policies Current Attempt in Progress The stockholders' equity section of Lemay Corporation shows the following...
View Policies Current Attempt in Progress The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock-5%, $100 par, 5,100 shares outstanding $510,000 Common stock-$10 par, 62,000 shares outstanding 620,000 Paid-in capital in excess of par 200,000 Retained earnings 104,600 Total stockholders' equity $1,434,600 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred...
The stockholders' equity section of Joshua Company shows the following on December 31, 2019 Preferred stock,...
The stockholders' equity section of Joshua Company shows the following on December 31, 2019 Preferred stock, 6%, 50 par value, 5.000 shares outstanding Common stock, 55 par value, 80,000 shares outstanding Paid-in capital in excess of par, common stock Retained earnings $250.000 00000 200,000 Total stockholders' equity 210.000 $1.060.000 Required: Assume that the corporation has determined to pay out $90,000 in dividends at December 31, 2019. The last time that dividends were paid was on December 31, 2017. Calculate the...
The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows. FAUBERG MARIGNY...
The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows. FAUBERG MARIGNY CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding $300,000 Common stock, no par, 750,000 shares authorized, 300,000 shares issued 1,500,000 Total paid-in capital 1,800,000 Retained earnings 2,050,000 Total paid-in capital and retained earnings 3,850,000 Less: Treasury stock (5,000 common shares) (64,000 ) Total stockholders' equity $3,786,000 From a review of the stockholders’ equity...
The stockholders' equity section of Novak Corporation appears below as of December 31, 2020. 8% preferred...
The stockholders' equity section of Novak Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 125,200 shares, outstanding 115,200 shares Common stock, $1.00 par, authorized and issued 12,800,000 shares Additional paid-in capital Retained earnings Net income $5,760,000 12,800,000 26,240,000 $171,520,000 42,240,000 213,760,000 $258,560,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $23.040.000 (before tax) as a result of a non-recurring...
The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018,...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018....
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018. is as follows. $ 580,000 Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 288,eee shares authorized, 58,000 shares issued and outstanding Connon stock, $20 stated value, 330,000 shares authorized, 58, eee?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Connon Total paid-in capital Retained earnings Treasury stock, 5,eee shares Total stockholders' equity 1,160, eee...
Eugene Inc.’s statement of stockholders’ equity on December 31, 2016 is as follows: 5% cumulative preferred...
Eugene Inc.’s statement of stockholders’ equity on December 31, 2016 is as follows: 5% cumulative preferred stock, $75 par,10,000 shares authorized; 6,000 shares issued and outstanding $450,000 Common stock, $1 par, 500,000 share authorized; 385,000 shares issued and outstanding 385,000 Paid-in capital in excess of par - Preferred stock 25,000 Paid-in capital in excess of par - Common stock 2,045,000 Retained earnings 220,000 Total stockholders’ equity $3,125,000 The following transactions occurred during 2017: Instruction: Prepare Journal entries for each of...
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here....
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...
4. 5. 6.7. Kohler Corporation reports the following components of stockholders' equity on December 31, 2016:...
4.
5. 6.7.
Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 70,000 370,000 $1,340,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 1 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared...
please show work
The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: $500,000 Preferred stock-5%, $100 par, 5,000 shares outstanding 590,000 Common stock-$10 par, 59,000 shares outstanding 180,000 Paid-in capital in excess of par 123,100 Retained earnings $1,393,100 Total stockholders' equity Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred and common stockholders...
View Policies Current Attempt in Progress The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock-5%, $100 par, 5,100 shares outstanding $510,000 Common stock-$10 par, 62,000 shares outstanding 620,000 Paid-in capital in excess of par 200,000 Retained earnings 104,600 Total stockholders' equity $1,434,600 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred...
The stockholders' equity section of Joshua Company shows the following on December 31, 2019 Preferred stock, 6%, 50 par value, 5.000 shares outstanding Common stock, 55 par value, 80,000 shares outstanding Paid-in capital in excess of par, common stock Retained earnings $250.000 00000 200,000 Total stockholders' equity 210.000 $1.060.000 Required: Assume that the corporation has determined to pay out $90,000 in dividends at December 31, 2019. The last time that dividends were paid was on December 31, 2017. Calculate the...
The stockholders' equity section of Novak Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized 125,200 shares, outstanding 115,200 shares Common stock, $1.00 par, authorized and issued 12,800,000 shares Additional paid-in capital Retained earnings Net income $5,760,000 12,800,000 26,240,000 $171,520,000 42,240,000 213,760,000 $258,560,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $23.040.000 (before tax) as a result of a non-recurring...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018. is as follows. $ 580,000 Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 288,eee shares authorized, 58,000 shares issued and outstanding Connon stock, $20 stated value, 330,000 shares authorized, 58, eee?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Connon Total paid-in capital Retained earnings Treasury stock, 5,eee shares Total stockholders' equity 1,160, eee...
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...
4.
5. 6.7.
Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 70,000 370,000 $1,340,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 1 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared...
Most questions answered within 3 hours.
-
Brown Corporation makes four products in a single facility.
These products have the following unit product...
asked 2 minutes ago -
20% of all customers subscribe to phone service.
70% of all customers subscribe to internet service....
asked 19 minutes ago -
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 3 hours ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 3 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 4 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 6 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 5 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 5 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 6 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 7 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 7 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 7 hours ago