4. Bennett Company paid cash dividends totaling P150,000 in2000 and P75,000 in 2001. In 2002, Bennett intends to pay cashdividends of P800,000.payment(Adapted)6. Uponauthori:Requirements: Compute the amount of cash dividends per share tobe received by common stockholders in 2002 under each of thefollowing assumptions. Treat each case independently. Therewere no dividends in arrears as of January 1, 2000.multiplat P65stock ashares Shareholders' Equity (Part 2)6131) 25,000 shares of common; 100,000 shares of 6 percent, P50 parcumulative preferred.2) 25,000 shares of common; 50,000 shares of 6 percent, P50 parnoncumulative preferred.3) 25,000 shares of common; 70,000 shares of 6 percent, P100 parcumulative preferred.(Adapted)

Amount of divided intended to pay = 800,000 First divided will be paid to cumulative preferred stock…

4. Bennett Company 2000 and P75,000 in 2001. In 2002, Bennett intends to pay ca dividends of P800,000. Requirements: Compute the amount of cash dividends be received by common stockholders in 2002 under each of following assumptions. Treat each case independently. Th were no dividends in arrears as of January 1, 2000. per share

4. Bennett Company 2000 and P75,000 in 2001. In 2002, Bennett intends to pay ca dividends of P800,000. Requirements: Compute the amount of cash dividends be received by common stockholders in 2002 under each of following assumptions. Treat each case independently. Th were no dividends in arrears as of January 1, 2000. per share

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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15. The income statement of Osborne Company reported net income of $500,000 for the year ended December 31 before considering the following: a. During the year, Osborne purchased trading securities b. At year end, the fair value of the investment portfolio was $35,000 less than the cost 4 c. The balance of Retained Earnings was $743,000 on January 1; d. Osborne paid $46,000 cash dividends during the year. Using the above data, calculate the balance of Retained Earnings on December 31.
The balance sheet for Quinn Corporation is shown here in market value terms. There are 12,000 shares of stock outstanding. Cash Fixed assets Total Will Market Value Balance Sheet $ 49,300 355,000 Equity $ 404,300 Total In lieu of a dividend of $1.45, the company has announced it is going to repurchase $17,400 worth of stock. What effect will this transaction have on the equity of the firm? Note: Do not round intermediate calculations. Input the amount as positive value. New shares outstanding $ 404,300 $ 404,300 shareholders' equity by How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Share price What will the price per share be after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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Firm L had net assets at the end of the year of $415,000. The only items affecting stockholders' equity during the year were net income of $76,000 and dividends of $46,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE). Choose Addend: Choose Numerator: + 1 Average Stockholders' Equity 1 Choose Addend: /Choose Denominator: Return on Equity 11 = Average Stockholders' Equity Average stockholders' Equity Return on Equity Return on Equity Check my work
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