Homework Answers
Add Answer to:
The numerator in the dividend yield measure is calculated by Oa. dividing the total cash dividend...
Question: Please help! The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
a) No dividends were paid in 2018 or 2019. On December 31, 2020, Bridgeport wants to...
a) No dividends were paid in 2018 or 2019. On December 31, 2020,
Bridgeport wants to pay a cash dividend of $4 per share to common
shareholders. How much cash would be needed for the total amount to
be paid to preferred and common shareholders?
b) The company decides instead that it will declare a 15% stock
dividend on the outstanding common shares at their fair value. The
common shares’ fair value on the date of declaration is $45 per...
Gammon, Inc., declared dividends during the current year as follows. The current year’s cash dividend on...
Gammon, Inc., declared dividends during the current year as follows. The current year’s cash dividend on the 6 percent, $100 par value preferred stock. 100,000 shares were outstanding at the time of the declaration. A cash dividend of $0.75 per share on the $10 par value common stock. 750,000 shares were outstanding at the time of the declaration. Prepare the general journal entries to record the declaration and payment of these dividends, assuming the declaration is recorded directly to retained...
Can i get help solving allocating the cash dividend b/w preferred and common stockholders? A corporation...
Can i get help solving allocating the cash dividend b/w
preferred and common stockholders?
A corporation had the following outstanding stock when the company's board of directors declared a $175,000 cash dividend during the current year: Preferred stock. $75 par, 9%, 5,000 shares issued and outstanding Common stock, $20 par, 75,000 shares issued and outstanding Total 375.000 1,500,000 1.875,000 Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is cumulative and nonparticipating and the dividends...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
Dividend in arrears 2,000 Current year dividend 23,760 Total dividend to preferred stockholders (25,760) $ 18,240...
Dividend in arrears 2,000 Current year dividend 23,760 Total dividend to preferred stockholders (25,760) $ 18,240 Dividend to common stockholders Requirement 2. Record the journal entries for 2018, assuming that Tri State Communications declared the dividend on December 1 for stockholders of record on December 10. Tri State Communications paid the dividend on December 20. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry...
5. On January 5, 20X9, Sardi Minerald Corp. declared a cash dividend of $600,000 to stockholders...
5. On January 5, 20X9, Sardi Minerald Corp. declared a cash dividend of $600,000 to stockholders of record on January 21, 20X9, and payable on February 11, 20X9. The dividend is permissible under the laws of Sardi's state of incorporation. The following data pertain to 20X8: Net income for year ended 12/31/X8 Additional paid-in capital Retained earnings, 12/31/X8 $190,000 675,000 425,000 The $600,000 dividend includes a liquidating dividend of $0 $175,000 $410,000 $485,000 fock а. b. 78 с. d. On...
Now journalize the distribution of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 30...
Now journalize the distribution of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 30 Requirement 2. How many shares of common stock are outstanding after the dividend? There are shares of common stock outstanding after the dividend. Choose from any list or enter any number in the input fields and then continue to the next question. ? Nelly, Inc. had 290,000 shares of $2 par value common stock issued and outstanding as of July 15, 2016. The company...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as follows: Common Stock. $1 par value; 1,500,000 shares issued and outstanding $ 1,500,000 Paid-in Capital in Excess of Par Common Stock 3,750,000 Preferred Stock, 5%, $50 par, cumulative, 20,000 shares issued and outstanding 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 1,250,000 Part A: On the next pages, record the journal entries for the events that occurred on the following dates during 2020. I...
On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of...
On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $32.4 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10.4 million shares of common stock outstanding. The par of the common shares was $5. Required: Prepare any necessary Journal entry to record declaration and distribution of stock...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
a) No dividends were paid in 2018 or 2019. On December 31, 2020,
Bridgeport wants to pay a cash dividend of $4 per share to common
shareholders. How much cash would be needed for the total amount to
be paid to preferred and common shareholders?
b) The company decides instead that it will declare a 15% stock
dividend on the outstanding common shares at their fair value. The
common shares’ fair value on the date of declaration is $45 per...
Can i get help solving allocating the cash dividend b/w
preferred and common stockholders?
A corporation had the following outstanding stock when the company's board of directors declared a $175,000 cash dividend during the current year: Preferred stock. $75 par, 9%, 5,000 shares issued and outstanding Common stock, $20 par, 75,000 shares issued and outstanding Total 375.000 1,500,000 1.875,000 Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is cumulative and nonparticipating and the dividends...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
Dividend in arrears 2,000 Current year dividend 23,760 Total dividend to preferred stockholders (25,760) $ 18,240 Dividend to common stockholders Requirement 2. Record the journal entries for 2018, assuming that Tri State Communications declared the dividend on December 1 for stockholders of record on December 10. Tri State Communications paid the dividend on December 20. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry...
5. On January 5, 20X9, Sardi Minerald Corp. declared a cash dividend of $600,000 to stockholders of record on January 21, 20X9, and payable on February 11, 20X9. The dividend is permissible under the laws of Sardi's state of incorporation. The following data pertain to 20X8: Net income for year ended 12/31/X8 Additional paid-in capital Retained earnings, 12/31/X8 $190,000 675,000 425,000 The $600,000 dividend includes a liquidating dividend of $0 $175,000 $410,000 $485,000 fock а. b. 78 с. d. On...
Now journalize the distribution of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 30 Requirement 2. How many shares of common stock are outstanding after the dividend? There are shares of common stock outstanding after the dividend. Choose from any list or enter any number in the input fields and then continue to the next question. ? Nelly, Inc. had 290,000 shares of $2 par value common stock issued and outstanding as of July 15, 2016. The company...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as follows: Common Stock. $1 par value; 1,500,000 shares issued and outstanding $ 1,500,000 Paid-in Capital in Excess of Par Common Stock 3,750,000 Preferred Stock, 5%, $50 par, cumulative, 20,000 shares issued and outstanding 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 1,250,000 Part A: On the next pages, record the journal entries for the events that occurred on the following dates during 2020. I...
On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $32.4 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10.4 million shares of common stock outstanding. The par of the common shares was $5. Required: Prepare any necessary Journal entry to record declaration and distribution of stock...
Most questions answered within 3 hours.
-
(a) Calculate the momentum of a 2150 kg elephant charging a
hunter at a speed of...
asked 25 seconds ago -
all the following is an example of a fixed cost except: any cost
that changes in...
asked 2 minutes ago -
Briefly describe the changes in pupil diameter that occur with
changes in light intensity or distance...
asked 2 minutes ago -
A small sample from a vial of phenol melts at 39-40 °C. A larger
sample from...
asked 4 minutes ago -
Draw a δ-lysine amino acid and label all the carbons (alpha,
beta, gamma, etc.)
asked 17 minutes ago -
A uniform thin rod of length 0.97 m and mass 2.2 kg lies in a
horizontal...
asked 10 minutes ago -
A 110 kg horizontal beam is supported at each end. A 340 kg
piano rests at...
asked 11 minutes ago -
Python 3.0 Please
Write a function that takes, as arguments, a binary string, a
list of...
asked 12 minutes ago -
Case 5: World Food Programme: A Quarter a Day Keeps the
Hunger Away
Case Summary: Established...
asked 17 minutes ago -
What do the suction port connection adapter and gasket do in 2
Cylinder refrigerant gas piston...
asked 17 minutes ago -
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 3 hours ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 4 hours ago