In 2018, when Noah Corporation was organized, it immediately issued 790 shares of $8 par, 7...
In 2018, when Noah Corporation was organized, it immediately issued 790 shares of $8 par, 7 percent, noncumulative preferred stock and 1,563 shares of $2 par common stock. It is now 2020 and the company is declaring its 1st dividend. No dividends were declared in 2018 or 2019.
Assume that the board of directors declares a $5,800 cash dividend at the end of 2020. How much of the dividend will go to the common stockholders? $______
Homework Answers
Dividend to preferred stock holders = 790*$8*7% = $442.40
Dividend to the common stock holders = 5800-442.40 = $5357.60
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In 2018, when Noah Corporation was organized, it immediately issued 790 shares of $8 par, 7...
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par,...
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock. Its earnings history is as follows: 2018, net loss of $35,000; 2019, net income of $125,000; 2020, net income of $215,000. The corporation did not pay a dividend in 2018. Required a. How much is the dividend arrearage as of January 1, 2019? b. Assume that the board of directors declares...
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Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares...
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Splish Corporation has outstanding 52,000 shares of $50 par value, 5% preferred stock and 369,000 shares...
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Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares...
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Practice Brief Exercise 15--05 Bramble Corporation has outstanding 47,000 shares of $50 par value, 5% preferred...
Practice Brief Exercise 15--05
Bramble Corporation has outstanding 47,000 shares of $50 par
value, 5% preferred stock and 336,000 shares of $1 par value common
stock. The preferred stock was issued in July 2017, and no
dividends were declared in 2017 or 2018. In 2019, Bramble declares
a cash dividend of $482,000.
How will the dividend be shared by common and preferred
stockholders if the preferred is noncumulative?
Preferred Stockholders
$enter a dollar amount
Common Stockholders
$enter a dollar amount...
Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900...
Cullumber Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 105,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,250; 2020, $14,400; and 2021, $29,000. Collapse question part (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. 2019 2020 2021 Allocation to preferred stock $...
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares...
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $132000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $55000. $132000. $0. $77000.
Multiple Choice Question 57 Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative preferred...
Multiple Choice Question 57
Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative
preferred stock and 72800 shares of $1 par value common stock
outstanding at December 31, 2020. There were no dividends declared
in 2019. The board of directors declares and pays a $120600
dividend in 2020. What is the amount of dividends received by the
common stockholders in 2020?
$9100
$27300
$93300
$0
Click if you would like to
Show Work for this question:
Open Show...
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock. Its earnings history is as follows: 2018, net loss of $35,000; 2019, net income of $125,000; 2020, net income of $215,000. The corporation did not pay a dividend in 2018. Required a. How much is the dividend arrearage as of January 1, 2019? b. Assume that the board of directors declares...
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Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $110,000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?
Splish Corporation has outstanding 52,000 shares of $50 par value, 5% preferred stock and 369,000 shares of $1 par value common stock. The preferred stock was issued in July 2017, and no dividends were declared in 2017 or 2018. In 2019, Splish declares a cash dividend of $485,000. How will the dividend be shared by common and preferred stockholders if the preferred is noncumulative? Preferred Stockholders Common Stockholders How will the dividend be shared by common and preferred stockholders if...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
Practice Brief Exercise 15--05
Bramble Corporation has outstanding 47,000 shares of $50 par
value, 5% preferred stock and 336,000 shares of $1 par value common
stock. The preferred stock was issued in July 2017, and no
dividends were declared in 2017 or 2018. In 2019, Bramble declares
a cash dividend of $482,000.
How will the dividend be shared by common and preferred
stockholders if the preferred is noncumulative?
Preferred Stockholders
$enter a dollar amount
Common Stockholders
$enter a dollar amount...
Multiple Choice Question 57
Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative
preferred stock and 72800 shares of $1 par value common stock
outstanding at December 31, 2020. There were no dividends declared
in 2019. The board of directors declares and pays a $120600
dividend in 2020. What is the amount of dividends received by the
common stockholders in 2020?
$9100
$27300
$93300
$0
Click if you would like to
Show Work for this question:
Open Show...
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