A company had stock outstanding as follows during each of its first 3 years of operations: 1,000 shares of 10%, $100 par,cumulative preferred stock and 60,000 shares of $10 par common stock. The amounts distributed as dividends arepresented in the following schedule.Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Ifnecessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0".Year123Dividends$7,50010,00017,000PreferredTotal7,50010,000PreferredPer Share$100CommonTotal10CommonPer Share00

Dividend per share: Dividend per share is calculated for Preferred stock as well as Common Stock.…

Answered: A company had stock outstanding as…

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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Sabas Company has issued and outstanding 38,000 shares of $100 par, 7% preferred stock and 86,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 Year 3 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places. Year 1 Year 2 Year 3 Dividend per share: Preferred stock Common stock $491,000 442,000 512,000
A company had stock outstanding as follows during each of its first 3 years of operations: 4,000 shares of 8%, $100 par, cumulative preferred stock and 44,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $24,000 32,000 38,280 Preferred Total Preferred Per Share $ Common Total Common Per Share
Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $60,000 20Y2 24,000 20Y3 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock(dividends per share) Common Stock(dividends per share) 20Y1 fill in the blank fill in the blank 20Y2 fill in the blank fill in the blank 20Y3 fill in the blank fill in the blank
All computations and Formula must be done and shown in detail Billingsley United declared a $0.20 a share dividend on Thursday, October 16. The dividend will be paid on Monday, November 10 to shareholders of record on Friday, October 31. What is the ex-dividend date? You own 2,200 shares of Deltona Hardware. The company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. Your required rate of return on this security is 16 percent. Ignoring taxes, what is the value of one share of this stock to you today? Tucker’s National Distributing has a current market value of equity of $10,665. Currently, the firm has excess cash of $640, total assets of $22,400, net income of $3,210, and 500 shares of stock outstanding. Tucker’s is going to use all of its excess cash to repurchase shares of stock. What will the stock price per share be after the stock…
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 10%, $100 par, cumulative preferred stock and 33,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $22,500 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 2 30,000 $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 3 43,230 $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
Master Company has 10,000 preferred shares with 2% cumulative dividends with a par value per share of $ 50 and 25,000 common shares at $ 75 par. The company declares the following cash dividends: Year 1 $ 30,000 Year 2 6,000 Year 3 80,000 Required: Determine the dividends for the preferred and common shares for each year. Present your answer graphically and clearly.
A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 10%, $100 par, cumulative preferred stock and 33,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 23 Dividends $30,000 40,000 62,810 Total Preferred Per Share Total Common Per Share
A company had stock outstanding as follows during each of its first three years of operations: 1,000 shares of 10%, $100 par, cumulative preferred stock and 54,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $7,500 10,000 39,080 Total Preferred $ Per Share Total Common Per Share
A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 9%, $100 par, cumulative preferred stock and 37,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $27,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 2 36,000 $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 3 55,880 $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $37,500 Year 2 12,000 Year 3 45,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places.
Sabas Company has issued and outstanding 49,000 shares of $100 par, 8% preferred stock and 101,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 Year 2 $467,000 474,000 543,000 Year 3 Determine the dividend per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividend per share: Year 1 Year 2 Year 3 Preferred stock Common stock $ $ $ $ $
Hickory Inc. experienced the following stockholders' equity transactions (listed in chronological order) during it's first year of operations. Based on these transactions, calculate the balances that would appear in the stockholders' equity accounts listed below. Formatting: Please round to the nearest dollar and do not use dollar signs (i.e. enter '1,000' rather than '$1,000'). All numbers should be positive. Common Stock, 100,000 shares of $1 par value common stock authorized Preferred Stock, 50,000 shares of $10 par value preferred stock authorized 1 Issued 5,000 common shares at $30 per share 2 Exchanged 4,000 preferred shares for a piece of equipment with a fair value of $49,000. 3 Issued 2,500 common shares at $25 per share 4 Purchased 500 of own common shares on the open market at $24 per share 5 Declared a 30% common stock dividend. Common stock was trading at $23 per share on the date of declaration.…

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