preferred stock dividends = 25,900 shares * $2 = $51,800
Preferred | Common | Total | |
2020 | $51,800 | $85,400 ($137,200-$51,800) | $137,200 |
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,280,000 4,202,000 3,404,000 $9,613,300 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Your answer is correct. Assume the...
Application Problem 11-9A a-c (Part Level Submission) The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 2019 $181,300 $181,300 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019-1,070,000 shares) Retained earnings Total shareholders' equity 5,230,000 4,280,000 4,202,000 3,404,000 $9,613,300 $7,865,300 During 2020, Deer paid a total of $137,200 in cash dividends. (a) Your answer is correct. Assume the...
The shareholders’ equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows:20202019Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 25,900 shares issued$181,300$181,300Share capital, 5,000,000 common shares authorized, 1,260,000 common shares issued (2019—1,070,000 shares)5,230,0004,280,000Retained earnings4,202,0003,404,000Total shareholders’ equity$9,613,300$7,865,300During 2020, Deer paid a total of $137,200 in cash dividends.Assume the preferred shares were not in arrears at December 31, 2019. How was the $137,200 in cash dividends distributed between the two types of shares in 2020?PreferredCommon Total2020$ $ $ Assume the preferred share dividends were in arrears for one year; that is, the dividends were...
Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued Share capital, 5,000,000 common shares authorized, 1,250,000 $213,600 $213,600 common shares issued (2019-1,050,000 shares) Retained earnings Total shareholders' equity 5,200,000 4,200,000 3,979,000 3,187,000 $9,392,600 $7,600,600 During 2020, Deer paid a total of $114,300 in cash dividends, [y] Your answer is correct. Assume the preferred shares were not in arrears at...
Bridgeport Corp. reported the following amounts in the shareholders’ equity section of its December 31, 2019 SFP: Preferred shares, $7 dividend (9,000 shares authorized, 2,000 shares issued) $206,000 Common shares (unlimited authorized, 29,000 issued) 696,000 Contributed surplus 81,700 Retained earnings 300,000 Accumulated other comprehensive income 67,000 Total $1,350,700 During 2020, the company had the following transactions that affect shareholders’ equity. 1. Paid the annual 2019 $7 per share dividend on preferred shares and a $3 per share dividend on common...
The Shareholders’ Equity section of Hamilton Design Company’s December 31, 2019, balance sheet appeared as follows: Contributed Capital: Preferred stock, 6%, $100 par (10,000 shares authorized, 1,250 shares issued) $125,000 Additional paid-in capital on preferred stock $55,000 Common stock, $10 par (60,000 shares authorized, 15,000 shares issued $150,000 Additional paid-in capital on common stock $105,000 Total contributed capital $435,000 Retained earnings $78,000 Contributed capital and retained earnings $513,000 Less: Treasury Stock (300 shares of common at $14 per share) ($4,200)...
Problem 15-8 Concord Mills Ltd. had the following shareholders' equity at January 1, 2020. Preferred shares, 8%, $100 par value, 10,000 shares authorized, 3,400 shares issued Common shares, $2 par value, 200,000 shares authorized, 70,000 shares issued Common shares subscribed, 9,400 shares Contributed surplus-preferred Contributed surplus-common Retained earnings $340,000 140,000 18,800 17,000 934,000 769,000 2,218,800 34,000 $2,184,800 Less: Common share subscriptions receivable Total shareholders' equity The contributed surplus accounts arose from amounts received in excess of the par value of...
Question 7 IMA Believer Corp’s balance sheet reported the following shareholders’ equity as of December 31, 2016: Beginning of the Year End of the Year Current assets $62,000 $82,000 Current liabilities 25,000 55,000 Plant and equipment 300,000 350,000 Long-term liabilities 50,000 75,000 Common shareholders’ equity 125,000 225,000 Preferred shareholders’ equity 60,000 85,000 Share Capital: Preferred shares, $100 stated value; $5 cumulative, 10,000 shares authorized, 10,000 issued $1,000,000 Common shares 200,000 shares authorized, 50,000 shares issued 500,000 Total share capital $2,500,000...
Application Problem 11-13A a-b (Part Level Submission) Southwestern Exposure Ltd. began operations on January 2, 2020. During the year, the following transactions affected shareholders' equity: 1. Southwestern Exposure's articles of incorporation authorize the issuance of 1,000,000 common shares, and the issuance of 235,000 preferred shares, which pay an annual dividend of $2.00 per share. 2. A total of 255,000 common shares were issued for $5 a share. 3. A total of 15,000 preferred shares were issued for $13 per share....
I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR. THANK YOU IN ADVANCE!! I need Answers for all 3 columns; Preferred, Common and Total, please. I need answers for all Credit and Debit columns please, thank you! Current Attempt in Progress The shareholders'equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued $213,600 Share capital, 5,000,000 common shares authorized...