19 Mack Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock and 10,000 shares of $10 par value common stock outstanding During the first four years of operation, Mack Corporation issued dividends in the amount of 2007    $10,000 2008    0 2009    $65,000 2010    $30,000   The amount of dividends the common shareholders received in 2007 was: $11,000 $10,000 $21,000 None

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A: The retained earnings are decreased with declaration of dividend as dividend is paid to shareholders…

Q: Wade's outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred stock with a Rs.…

A: Dividends are to be first paid to preference shareholders, to the extent payable and only the…

Q: Wade's outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred stock with a Rs.…

A: It is the total money paid by the company at regular intervals from its profits or reserves to the…

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A: Dividend paid to preferred stockholders = No. of Preferred Stock outstanding x Par value per share x…

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A: Dividend indicates to the portion of net earnings available to the shareholders distributed among…

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A: Earnings per share (EPS) is a financial ratio that measures how much net income a company earns for…

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A: The shares in treasury stock are not outstanding as these are not with the shareholders and company…

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A: During the year, two dividends were declared: Stock dividend at 14%  Cash dividend of $0.70 per…

Q: None

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A: Journal Entries:Stockholder's Equity is a section of the balance sheet that includes common stock…

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A: When Treasury shares are acquired, they are recorded at thier cost of acquisition. If these…

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A: Retained earnings: These are the accumulated earnings of the company. These earnings were…

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A: Basic earning per share is calculated by dividing the net income less preferred dividend by the…

Q: None

A: Part 2:Explanation:Step 1: The first step is to determine the total earnings available to common…

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A: The dividend is the distribution of profits. The distribution of profit decreases the retained…

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A: Explanation of the concept Preference Share ​​Preference Shares are the shares which have been…

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A: Preferred stock holder means those stock holder who will be getting dividend before the common…

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A: Non participating preferred stock means shareholders do not have a share in the extra earnings or…

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A: The treasury stock includes the shares that are repurchased from the shareholders.

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Q: None

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A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

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A: The dividend is declared to the shareholders from the retained earnings of the business. Earnings…

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A: Journal is the book of original entry in which all the transactions of the business are recorded…

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A: Retained Earnings are essentially the quantum of earnings that are retained in the business post…

Q: Year 1 total cash dividends $ 9,100 Year 2 total cash dividends 19,000 Year 3 total cash dividends…

A: Dividend per share: Dividend per share is calculated for Preferred stock as well as Common Stock.…

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A: Dividend per share: Dividend per share is calculated for Preferred stock as well as Common Stock.…

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A: The treasury stock includes the own shares of the company that are repurchased from the…

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A: Dividend is a part of  of profit distributed by the company to its shareholders. Preferred…

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.