Required information)[The following information applies to the questions displayed below.]Year 1 total cash dividendsYear 2 total cash dividendsYear 3 total cash dividendsYear 4 total cash dividendsYork's outstanding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the followingtotal cash dividends:Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your"Dividend per Preferred Share" answer to 3 decimal places.)Annual Preferred Dividend:Year 1Year 2Year 3Year 4Total:Par Value perPreferredShareTotal CashDividend Pald$ 23,00031,700235,000385,000$Dividend Rate$ 23,00031,700235,000385,000674,700 $Paid toPreferred.Dividend perPreferredSharePaid toCommon.0 $Number ofPreferred.SharesDividends inArrears atyear endPreferredDividend

Non cumulative preferred shares holders receive a fixed dividend amount each year . If a company is…

3 total cash dividends 4 total cash dividends ding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 2 mmon stock with a $1 par value. During its first four years of operation, the corporation declared and paid the idends: e amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (R er Preferred Share" answer to 3 decimal places.) rred Dividend: Par Value per Preferred Share 235,000 385,000 Total Cash Dividend Pald S 23,000 31,700 235,000 385,000 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend

3 total cash dividends 4 total cash dividends ding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 2 mmon stock with a $1 par value. During its first four years of operation, the corporation declared and paid the idends: e amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (R er Preferred Share" answer to 3 decimal places.) rred Dividend: Par Value per Preferred Share 235,000 385,000 Total Cash Dividend Pald S 23,000 31,700 235,000 385,000 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend

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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Burton Inc. has two classes of stock, 6% $100 par cumulative Preferred Shares and $1 par Common Shares. The equity section shows: Common stock, $1 par value, 1,000,000 shares authorized and shares issued ..$470,000 Paid in capital in excess of par value...... At what average price was the common shares issued? Respond rounded to TWO DECIMALS, without a dollar sign and without commas. Your Answer: Answer $238,000
What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)
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Dhapa
9
Problem 2. On January 1 Weiss Corporation had 75,000 shares of $0.5 par value common stock issued and outstanding. During the year, the following transactions occurred. Apr. 1 Issued 8,000 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. July 10 Dec. 1 Issued 4,000 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31. Instructions (a) Prepare the entries for the above transactions. (b) How are dividends and dividends payable reported in the financial statements prepared at December 31?
Question 3 (Statement of shareholders’ equity): Below is the statement of shareholder’s equity of HKU Ltd.: The following transactions happen during 20X2: (a) Issuance of ordinary shares - 800 shares @ $23 per share (b) Repurchase 600 shares of preference share at $45 per share, out of share capital (c) Issue 4 bonus ordinary shares for each 10 ordinary shares. The company has decided to capitalize 1/5 of its beginning balance of the retained profits for this bonus share issuance. (d) Net income is $70,000 for the year. Prepare the statement of shareholders’ equity for year 20X2.
Subject:
Fuerman Incorporated had the following common stock record during the current calendar year Outstanding, beginning of year Additional shares issued 6/30 2,850,000 230,000 Additional shares issued 9/30 230,000 A 12% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice 3,320,800 3,022,500 3,449,600 3,385,200
A-7
Sagar
H1.