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

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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
Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: Ordinary Share capital, USD20 authorized 50,000 shares; issued and outstanding 30,000 shares par value, USD600,000 Ordinary Share premium USD150,000 Retained earnings USD230,000 In addition, during the year, these transactions happened: а. 2,500 shares were repurchased as treasury shares at a price of USD28 per share. 500 treasury shares were sold at a price of USD32 700 shares of treasury shares were sold at a price of USD24 per share. b. per share. с. d. Sizzle Company reported a net income of USD120,000 for the current year. Please calculate the balance of the Retained Earnings - Unappropriated account of Sizzle Company after recoding all these transactions. Show complete solution and explanation.
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Information concerning the capital structure of Regan Corporation is as follows: December 31, 2011 2010 Common stock 150,000 shares 150,000 shares Convertible preferred stock 15,000 shares 15,000 shares 9% convertible bonds P3,000,000 P3,000,000 During 2011, Regan paid dividends of P1.00 per share on its common stock and P2.50 per share on its preferred stock. The preferred stock is convertible into 30,000 shares of common stock. The 9% convertible bonds are convertible into 75,000 shares of common stock. The net income for the year ended December 31, 2011, was P500,000. Assume that the income tax rate was 30%. What should be the basic earnings per share for the year ended December 31, 2011, rounded to the nearest centavo? a. 2.22 c. 3.17 b. 2.43 d. 3.33
A1
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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.
Sweet 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 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 $ 2,700 Year 2 $ 6,700 Year 3 $ 35,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $8,500 preferred; $36,400 common. $15,200 preferred; $29,700 common. $25,500 preferred; $19,400 common. $19,700 preferred; $25,200 common. $17,000 preferred; $27,900 common.
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:
provide answer for A, B and C
Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 90,000 shares of cumulative 6.5% preferred stock with a $5 par value and also 100,000 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: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ 18,100 27,200 255,000 $ 18,100 27,200 255,000 405,000 405,000 705,300 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-endi Preferred Dividend

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