Please give positive ratings so I can keep answering. Thanks! |
1 | Callable | L |
2 | Stock Warrants | M |
3 | Participating | H |
4 | Stock Warrants | M |
5 | Cumulative | A |
6 | Convertibles | K |
7 | Dilutive Securities | C |
8 | Stock Option | D |
9 | Property Dividends | J |
10 | Preferred Stock | B |
11 | Preferred Stock | B |
12 | Treasury Stock | I |
13 | Participating | H |
14 | Stock Option | D |
15 | Dividends | E |
16 | Preferred Stock | B |
17 | Dividends | E |
18 | Property Dividends | J |
19 | Convertibles | K |
20 | Stock Warrants | M |
21 | Treasury Stock | I |
22 | Dilutive Securities | C |
23 | Stock Option | D |
24 | Redeemable | G |
25 | Stock Option | D |
Berkeley College ACC2202 Interim Test II rt I 25 points tch each of the items below...
I need help with the bottom
portion
PREFERED DIVIDENDS Show the effects of each transaction on the balance sheet equation, and prepare journal entries to receord the transactions. Ref. Liabilities Equity Assets (a) On January 1, Garden Stateissued 10,000 shares of $10 Preferred Stock (+SE) Cash (+A) 190,000 100,000 par cummaltive preferred stock for $19 per share. The Additional Paid-in Capital (+SE) 90,000 stock pays a cumulative annual dividend of 7% of par value. Date Account Debit Credit 1-May Cash...
II. (2 Points) Ring A. Ling, Inc., has $800,000 of 4% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2016 and 2017. The board of directors desire to distribute $270,000 in dividends at December 31, 2018. Instructions Prepare a schedule to show how much will the preferred and common stockholders receive under each of the following independent assumptions: (a) The preferred is noncumulative...
Dilutive Securities and EPS Worksheets Part 1: Convertible Securities and Detachable Warrants I. JAMC Corp. issues $10,000,000 of bonds on May 24, 2018 at a discount of $600,000. Interest on the bonds is payable each October 24 and May 24 Each $1,000 bond (i.e., there were 10,000 issued) is convertible to 20 shares of common stock (par value $3). On October 24, 2022, 2,000 of the bonds are converted. At the time of the conversion, the total remaining unamortized discount...
7. Preferred stock Preferred stock is often called a hybrid security because it has some characteristics that are typical of debt and others that are typical of common equity. The following table lists several characteristics of preferred stock. Determine which of these characteristics are consistent with debt securities and which are consistent with common stock. Characteristic Debt Common stock May have a sinking fund provision Usually has no specified maturity date Usually has no voting rights Green Caterpillar Garden Supplies...
Intermediate Accounting II Homework Problems Chapter 16 1. The stockholders’ equity section of Whaler Inc. at the beginning of the current year appears below. Common stock, $1 par value, authorized 5,000,000 shares, 800,000 shares issued and outstanding $ 800,000 Paid-in capital in excess of par—common stock 16,100,000 Retained earnings 260,000 During the current year, the following transactions occurred: a. The company issued to the stockholders 500,000 rights. Ten rights are needed to buy one share of stock at $21. The...
Your answer is partially correct. Try again. On January 1, 2016, when its $30 par value common stock was selling for $80 per share, Headland Corp. issued $11,500,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1,000 bond to convert the bond into five shares of the corporation's common stock. The debentures were issued for $12,420,000. The present value of the bond payments at the time of issuance was $9,775,000, and the...
12. Valuing preferred stock Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is treated like a perpetuity if the payments last forever. Preferred stocks are considered to be a hybrid of a common stock and a bond. For example, one of the major differences between preferred shares and bonds is that the issuing companies can suspend the payment of their preferred dividends without throwing the company into bankruptcy. However, similar...
On January 1, 2016, Sheffield Company issued 10-year, $106,000 face value, 6% bonds at par (interest payable annually on January 1). Each $1,000 bond is convertible into 31 shares of Sheffield $2 par value common stock. The company has had 10,000 shares of common stock (and no preferred stock) outstanding throughout its life. None of the bonds have been converted as of the end of 2017. Sheffield also has adopted a stock-option plan that granted options to key executives to...
Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is treated like a perpetuity if the payments last forever. Preferred stocks are considered to be a hybrid of a stock and a bond. For example, one of the major differences between preferred shares and bonds is that the issuing companies can suspend the payment of their preferred dividends without throwing the company into bankruptcy. However, similar to bonds, preferred stockholders receive...
12. Valuing preferred stock Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is treated like a perpetuity if the payments last forever. Preferred stocks are considered to be a hybrid of a common stock and a bond. For example, one of the major differences between preferred shares and bonds is that the issuing companies can suspend the payment of their preferred dividends without throwing the company into bankruptcy. However, similar...