Multiple ChoiceOOO$7,000 preferred; $5,000 common.$6,000 preferred; $6,000 common.$0 preferred; $12,000common.$8,400 preferred; $3,600 common.$12,000 preferred; $0 common. 22Halverstein Company's outstanding stock consists of 14,000 shares of cumulative 5% preferred stock with a $10 par value and 6,000 shares of commonstock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.2010.10Year 1Year 2Year 3DividendsDeclared & Paid$0$ 12,000$ 49,000The amount of dividends paid to preferred and common shareholders in Year 2 is:

DIVIDEND PAYMENT It is Compulsory to Paid Annual Divided to Preference Shareholders. If Dividend…

Answered: 22 Halverstein Company's outstanding…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information (The following information applies to the questions displayed below] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Year 11 Year 2 Year 3 Year 4 Totals York's outstanding stock consists of 80,000 shares of cumulative 7.0 % preferred stock with a $5 par value and also 140,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ $ $ 16,500 26,000 275,000 425,000 Dividend Rate 16,500 26,000 275,000 425,000 742,500 $ 60% Paid to Preferred Dividend per Number of Preferred Share Preferred Shares $ 0.300 Paid to Common 80,000 Dividends in Arrears at year-end Preferred Dividend $2,400,000
Sweet Company's outstanding stock consists of 1,550 shares of cumulative 5% preferred stock with a $100 par value and 15,500 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid $ 3,100 $ 9,300 $49,600 Year 1 Year 2 Year 3 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $10,850 preferred; $38,750 common. $7,750 preferred; $41,850 common. $15,500 preferred; $34,100 common. $49,600 preferred; $0 common.
Sanchez Company has 38,000 shares of 5% preferred stock of $100 par and 112,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1 $538,000 Year 2 $440,000 Year 3 $510,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Preferred dividend $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Common dividend $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Dividends per share: Preferred stock $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Common stock $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
Sandpiper Company has 20,000 shares of cumulative preferred 1% stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 $45,000 Year 3 $80,000 Determine the dividends per share for preferred and common stock for each year.
25.On January 1, 2004, Part Corporation had issued and outstanding 10,000 shares of P10 par common stock and retained earnings of P1,000,000. the following stockholders’ equity transactions were recorded: March 1: During the year, A stock dividend of 1,000 shares was declared when the market price was P26 per share. The dividend was distributed on April 1, 2004. July 1: A 40% stock dividend was declared when the market price was P45 The dividend was distributed on July 15, 2004. Part suffered a net loss of P12,000 in 2004, paid no cash dividends, and made no per share. additional issues of stock for cash. What is the balance in the retained earnings account in Part on December 31, 2004? (a) P918,000 (b) P922,000 (c) P764,000 (d) P782,000
A company's outstanding stock consists of 1,700 shares of cumulative 5% preferred stock with a $100 par value and 10,700 shares of common stock with with a $10 par value. First 3 years the corporation declared and paid the dividends . Year 1 2,700,Year 2 $6700 Year 3 $35,000. What is the amount of dividends paid to preferred and common stockholders over these 3 years ?
Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10 par value and 4,650 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 0 Year 2 $ 9,300 Year 3 $ 40,000 The amount of dividends paid to preferred and common shareholders in Year 2 is:
Sanchez Company has 34,000 shares of 2% preferred stock of $100 par and 115,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $558,000 Year 2 $441,000 Year 3 $501,000 Determine the dividends per share for preferred and common stock for each year. Round the dividends per share to the nearest cent. Year 1 Year 2 Year 3 Amount distributed $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Preferred dividend $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Common dividend $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Dividends per share: Preferred stock $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Common stock $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
ces In Draco Corporation's first year of business, the following transactions affected its equity accounts. Issued 7,800 shares of $2 par value common stock for $56. It authorized 20,000 shares. • Issued 1,950 shares of 12%, $10 par value preferred stock for $61. It authorized 3,000 shares. Reacquired 390 shares of common stock for $68 each. • Retained earnings is impacted by reported net income of $88,000 and cash dividends of $34,000. ● Prepare the stockholders' equity section of Draco's balance sheet as of December 31. Note: Amounts to be deducted should be indicated by a minus sign. DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total stockholders' equity $ 0
4a. Torino Company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $3,500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: $7,800. $3,900. $4,300. $3,500. $400. 4b. The following data were reported by a corporation: Authorized shares 40,000 Issued shares 35,000 Treasury shares 13,500 The number of outstanding shares is: Multiple Choice 53,500. 35,000. 26,500. 21,500. 40,000.
Green Planet Corporation has 5,400 shares of noncumulative 13% preferred stock with a $2 par value and 21, 700 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends $ 800 Year 2 total cash dividends 2,170 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.
Sweet Company’s outstanding stock consists of 1,700 shares of noncumulative 4% preferred stock with a $100 par value and 11,700 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 3,700 Year 2 $ 9,400 Year 3 $ 40,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is:

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