Homework Answers
| Years |
Total dividend declared |
Preferred Dividend paid This year |
Preferred Dividends Carried forward to next year |
Common Dividends Paid |
|
|---|---|---|---|---|---|
| 1 | $10000 | $ 10000 |
$ 5000 (15000-10000) |
nil | |
| 2 | $36000 |
$ 20000 (15000+5000) |
nil |
$ 16000 (36000-2000) |
|
| 3 | $60000 | $ 15000 | nil |
$ 45000 (60000-15000) |
Total preferred dividend of each year
(1500*$100)*10%= $ 15000
Common dividend are paid after set off preferred dividend of each year.
In case of year 1 no common dividend paid.
In year 2 before payment of common dividend of year 1 $ 5000 carried forward preferred dividend is paid and current year $ 15000. Balance paid for common stock holders.
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Font Paragraph Styles 2) Calculate the dividends paid to each class of stock in each of those years assuming the...
Font Paragraph Styles A corporation was organized on January 1 and issued the following shares of stock: 1) 1,500 sh...
Font Paragraph Styles A corporation was organized on January 1 and issued the following shares of stock: 1) 1,500 shares of $100 par value, 10% non-participating preferred stock. 2) 15,000 shares of $20 par value common stock All shares were issued and outstanding throughout the next three years. The corporation declared and paid a cash dividend in each of those years as follows: Year 1 - $10,000 Year 2 - $36,000 Year 3 - $60,000 Required: 1) Calculate the dividends...
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I need assistance solving this proiblems Calculate the cash dividends required to be paid for each...
I need assistance solving this proiblems
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred, $60 par value, 13,600 shares authorized, issued, and outstanding. b. The annual dividend on $1.75 cumulative preferred, 60,000 shares authorized, 36,000 shares issued, 31,800 shares outstanding. Last year's dividend has not been paid. c. The quarterly dividend on 10.0% cumulative preferred, $90 stated value, $108 liquidating value, 36,000 shares...
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[The following information applies to the questions displayed below.]York’s outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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. Year 1 total cash dividends$18,600Year 2 total cash dividends28,000Year 3 total cash dividends270,000Year 4 total cash dividends420,000Determine the amount of dividends paid each year to each of the...
Problem 2 Fairley Company paid cash dividends at the end of each of its first three...
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Calculate the cash dividends required to be paid for each of the following preferred stock issuances:...
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York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and al...
York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300.000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $13,000 22,000 250,000 400,000 Determine the amount of dividends paid each year to each...
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Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
Font Paragraph Styles A corporation was organized on January 1 and issued the following shares of stock: 1) 1,500 shares of $100 par value, 10% non-participating preferred stock. 2) 15,000 shares of $20 par value common stock All shares were issued and outstanding throughout the next three years. The corporation declared and paid a cash dividend in each of those years as follows: Year 1 - $10,000 Year 2 - $36,000 Year 3 - $60,000 Required: 1) Calculate the dividends...
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lends paid to each class for the four years combined. Year 1 total cash dividends ....... Year 2 total cash dividends ....... $20,000 28,000 Year 3 total cash dividends ....... Year 4 total cash dividends ....... $200,000 350,000 490 Chapter 13 Accounting for Corporations Exercise 13-11 Dividends on common and cumulative preferred stock Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each classes of stockholders assuming that the preferred stock is cumulative....
I need assistance solving this proiblems
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 7% cumulative preferred, $60 par value, 13,600 shares authorized, issued, and outstanding. b. The annual dividend on $1.75 cumulative preferred, 60,000 shares authorized, 36,000 shares issued, 31,800 shares outstanding. Last year's dividend has not been paid. c. The quarterly dividend on 10.0% cumulative preferred, $90 stated value, $108 liquidating value, 36,000 shares...
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York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300.000 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. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $13,000 22,000 250,000 400,000 Determine the amount of dividends paid each year to each...
2017, and 2018. mu dividends per share paid to each class of stock in 2016, Stockholders Equity Transactions and Balance Sheet Presentation Torey Corporation was anized on April 1, with an authorization of 25.000 shares of six percent. $50 par value pretened stock and 200,000 shares of » par value common stock. During April, the following transactions affecting stockholders' equity occurred: LO4,8 Apr. 1 Issued 80,000 shares of common stock at $40 cash per share. 3 Issued 2,000 shares of...
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