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Question #3 XYZ Corporation has 10,000, $2 cumulative preferred shares and 110,000 common shares outstanding. At...
QC10-11 (similar to) Question Help Maple Run Mall, Inc., has 7,500 shares of 3%, $35 par...
QC10-11 (similar to) Question Help Maple Run Mall, Inc., has 7,500 shares of 3%, $35 par cumulative preferred stock and 160,000 shares of $5 par common stock outstanding. At the beginning of the current year, preferred dividends were four years in arrears. Maple Run's board of directors wants to pay a $5.50 cash dividend on each share of outstanding common stock in the current year. To accomplish this, what total amount of dividends must Maple Run declare? O A. $911.500...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common shares outstanding. A $40,000 dividend is declared by the company's board of directors in the current financial report. Assuming there are $6,000 dividends in arrears from the previous financial year, what are the dividends paid to preferred shareholders and common shareholders, respectively? A. Preferred stock: $9 per share; Common stock: $7.5 per share B. Preferred stock: $6 per share; Common stock: $5.5 per share...
Ayayai Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 15,000 shares...
Ayayai Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 15,000 shares $ 300,000 Common shares outstanding: 30,000 shares 2,100,000 Retained earnings 570,000 Assuming that the directors decide to declare total dividends in the amount of $285,000, determine how much each class of shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $1.00 per share. (Round...
Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative...
Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.95 per share dividend this year, what will be the total amount they must pay their shareholders? A. $117,000. B. $341,000. C. $327,000. D. $177,000. The ownership of common stock in a corporation usually carries the following rights: A. To vote for directors. B....
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings 267,500 Total stockholders’ equity $ 967,500 Determine the book value per share of the preferred and common stock under two separate situations. 1. No preferred dividends are in arrears. Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding...
Diazlo Corporation has 10,000 shares of 6%, $5 par cumulative preferred stock and 47,000 shares of...
Diazlo Corporation has 10,000 shares of 6%, $5 par cumulative preferred stock and 47,000 shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $47,000. How much of the dividends go to the common stockholders? O A. $44,000 OB. $41,000 O c. $47,000 O D. None; it all goes to preferred stockholders.
McNamara Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 25,000 shares...
McNamara Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 25,000 shares $ 625,000 Common shares outstanding: 40,000 shares 3,000,000 Retained earnings 890,000 Instructions Assuming that the directors decide to declare total dividends in the amount of $445,000, determine how much each class of shares should receive under each of the conditions that follow. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $1.50 per share. a. The...
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares...
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Dividends of $37,500 are in arrears. At the end of the current year, the corporation declares a dividend of $120,000. The amount of preferred stock paid in the current year is ?
A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares
A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares of no- par common stock outstanding Preferred dividends of $16,000 are in arrears. At the end of the current year, the corporation declares a dividend of $240,000. How is the dividend allocated between preferred and common stockholders? A. The dividend is allocated $136,000 to preferred stockholders and 5104,000 to common stockholders. B. The dividend is allocated $104,000 to preferred stockholders and 5136,000 to common stockholders. C. The...
Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000...
Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of 2017 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2017...
QC10-11 (similar to) Question Help Maple Run Mall, Inc., has 7,500 shares of 3%, $35 par cumulative preferred stock and 160,000 shares of $5 par common stock outstanding. At the beginning of the current year, preferred dividends were four years in arrears. Maple Run's board of directors wants to pay a $5.50 cash dividend on each share of outstanding common stock in the current year. To accomplish this, what total amount of dividends must Maple Run declare? O A. $911.500...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common shares outstanding. A $40,000 dividend is declared by the company's board of directors in the current financial report. Assuming there are $6,000 dividends in arrears from the previous financial year, what are the dividends paid to preferred shareholders and common shareholders, respectively? A. Preferred stock: $9 per share; Common stock: $7.5 per share B. Preferred stock: $6 per share; Common stock: $5.5 per share...
Ayayai Limited's ledger shows the following balances on December 31, 2020: Preferred shares outstanding: 15,000 shares $ 300,000 Common shares outstanding: 30,000 shares 2,100,000 Retained earnings 570,000 Assuming that the directors decide to declare total dividends in the amount of $285,000, determine how much each class of shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $1.00 per share. (Round...
Diazlo Corporation has 10,000 shares of 6%, $5 par cumulative preferred stock and 47,000 shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $47,000. How much of the dividends go to the common stockholders? O A. $44,000 OB. $41,000 O c. $47,000 O D. None; it all goes to preferred stockholders.
A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares of no- par common stock outstanding Preferred dividends of $16,000 are in arrears. At the end of the current year, the corporation declares a dividend of $240,000. How is the dividend allocated between preferred and common stockholders? A. The dividend is allocated $136,000 to preferred stockholders and 5104,000 to common stockholders. B. The dividend is allocated $104,000 to preferred stockholders and 5136,000 to common stockholders. C. The...
Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of 2017 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2017...
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