Answered: 9. A small stock dividend is defined by…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Consider the following information: Beginning number of shares Ending number of shares Dividend per share Market price per share Net income The dividend yield is 5.8% 6.3% 6.0% 3.0% 149,000 160,000 $1.80 $60.00 $933,000
Black Bear Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Black Bear Bike Corp. has declared the following annual dividends over a six-year period ended December 31 of each year: Year 1, $42,500; Year 2, $18,000; Year 3, $223,500; Year 4, $178,000; Year 5, $222,000; and Year 6, $222,000. During the entire period, the outstanding stock of the company was composed of 50,000 shares of cumulative preferred 2% stock, $80 par, and 100,000 shares of common stock, $4 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, Year 1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share Year 1 $42,500 $ Year 2 18,000 Year 3…
The cost of preferred stock is equal to the preferred stock dividend divided by the net proceeds per preferred share. 1) True 2) False
8. Soho plc is a Stock Exchange listed business. Assuming share price of the company increased during the day, how this would affect its P/E ratio and its dividend yield ratio (DY)? A P/E DY Increase Increase B P/E DY Increase Decrease C P/E DY Decrease Increase D P/E DY Decrease Decrease
17. Analyze the equity section of Gingerbread Corp's balance sheet and determine the following. Be careful to discriminate between a non monetary value and a monetary value. Use a $ sign to indicate a dollar value. 1.Number of shares of common stock that have been issued 2.Number of shares of preferred stock that have been issued 3.BlankDollar value the company paid to repurchase their own stock 4.How many shares of stock are in treasury stock?
PART B
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $32,000; 20Y2, $64,000; 20Y3, $144,000; 20Y4, $184,000; 20Y5, $224,000; and 20Y6, $280,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dívidends in arrears at the beginning of 2OY1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 20Υ1 $32,000 20Y2 64,000 20Y3 144,000 20Y4 184,000 20Y5…
In 20X4, P Co declared dividends totaling $.52 per common share when earnings per share were $1.31 and its market price was 40 7/16. In 20X3, its dividends totaled $.46 per share, its earnings per share were $1.36 and its market price was 34 11/16. What was the computed dividend yield ratio for 20X4 and 20X3 respectively? (Rounded to nearest 1 decimal) Multiple Choice 1.8% and 1.9% 1.3% and 1.3% 1.7% and 1.3% 2.1% and 2.3%
For the purpose of calculating earnings per share (EPS), the denominator is:Select one:a. Outstanding ordinary shares at balance date.b. Weighted-average number of the sum fully paid ordinary shares and partly paid equivalents.c. Outstanding ordinary shares at balance date and weighted-average number of fully paid ordinary shares.d. Weighted-average number of fully paid ordinary shares.
Suppose a stock had an initial price of $50 per share, paid a dividend of $.80 per share during the year, and had an ending share price of $38. Compute the percentage total return, dividend yield, and capital gains yield. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Total return Dividend yield Capital gains yield % % %
Suppose a stock had an initial price of $103 per share, paid a dividend of $2.55 per share during the year, and had an ending share price of $115. Compute the percentage total return. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Percentage of total return %
sharad

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

9. A small stock dividend is defined by us gaap by a dividend involving 25% of the issued number of common shares. true or false