Chevron's contributed capital was as follows6% Cumulative Preferred Stock 7,500 shares issued, $80 par valueCommon Stock, 22.500 shares issued, $2 par valueDividends were last paid in 2019. Since 2019, there have been no additional shares of stock issued. Chevron has declared and paid the following dividends in subsequent years asshow in the table below2020 $30,0002021 45,0002022 23.0002023 60.000Determine the total amount of dividends to be allocated to the preferred stockholders in 20237Select one:ooooOa $46,500b$49,000C$41,000d. $36,000e $60,000eenshot48.43ct Selfi20232023-16eenshot03.01reenshot09.32

Stockholders' equity means the net assets available to shareholders after deducting all the…

Answered: Chevron's contributed capital was 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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Outstanding stock of the Tamarisk, Inc. included 44000 shares of $5 par common stock and 20000 shares of 5%, $10 par non- cumulative preferred stock. In 2019, Tamarisk declared and paid dividends of $4400. In 2020, Tamarisk declared and paid dividends of $13200. How much of the 2020 dividend was distributed to preferred shareholders? O $3200. O $14400. O $10000. O None of these answer choices are correct.
Current Attempt in Progress At December 31, 2021, Marigold Company had 451000 shares of common stock issued and outstanding, 355000 of which had bee issued and outstanding throughout the year and 96000 of which were issued on September 1, 2021. Net income for the year ended December 31, 2021, was $1176000. What should be Marigold's 2021 earnings per common share, rounded to the nearest penny?
Current Attempt in Progress Flounder Company's net income for 2020 is $672,000, and 91,000 shares of common stock were issued and outstanding during 2020. The only potentially dilutive securities outstanding were 26,000 executive stock options issued during 2019. each exercisable for one share at $22.50, none of these have been exercised. The average market price of Flounder's stock during 2020 was $28.00. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, eg. 2.55.) Diluted earnings per share (b) Assume the same facts as those assumed for part (a), except that 10.000 additional options were issued on October 1, 2020, with an exercise price of $29.00 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $31.50, (Round answer to 2 decimol places, es. 2.55.) Diluted earnings per share %24
During 2021 if there is a net income of $2,550,000 then the total stockholders’ equity balance after adding the calculation in point (C) will be $_____________
The following information is provided for Apolis Inc. Total common stockholders' equity on Dec. 31, 2020 $302,000 Total common stockholders' equity on Dec. 31, 2019 $288,000 Sales, 2020 $165,000 Total assets $605,000 Common shares outstanding, 2020 Dividends declared and paid, 2020 Market price per share, Dec. 31, 2020 If the payout ratio is .20, what is the return on equity? Select one: O O O a. 0.10 b. 0.09 c. 0.08 d. 0.07 « Previous 50,000 $6,000 $21 Save Answers
Texas, Inc. has net income for 2019 of $555,000. At January 1, 2019, the company had outstanding 54,000 shares of $75 par value common stock and 10,000 shares of 6%, $150 par value cumulative preferred stock. On September 1, 2019, an additional 18,000 shares of common stock were issued. What is the earnings per share for 2019 (to the nearest cent)? Select one: O O O A. $6.47 B. $9.26 C. $7.75 D. $6.66
The Gangnam Company began operations in January 2019 and reported the following results for each of its three years of operations. 2019 – P520,000 loss; 2020 – P80,000 loss; 2021 – P1,600,000 profit At December 31, 2020, Gangnam Company’s capital accounts were as follows: 8% Cumulative Preference Share Capital, P100 par, 50,000 shares authorized, issued and outstanding- P5,000,000; Ordinary Share Capital, P10 par, 1,000,000 shares authorized, 750,000 shares issued and outstanding- P7,500,000 Gangnam Company has never paid a cash or bonus issue and there has been no change in its capital accounts since it began operations in 2019. The corporation law permits dividends only from retained earnings.What is the book value of the ordinary share at December 31, 2020 assuming that the preference share has a liquidating value of P106 per share?
Bramble Corp. reported the following balances at December 31, 2021: common stock $408,000, paid-in Capital in Excess of Par- common stock $106,000, and retained earnings $242,000. During 2022, the following transactions affected stockholders' equity. 1. 2. 3. 4. Issued preferred stock with a par value of $128,500 for $209,000. Purchased treasury stock (common) for $36,500. Earned net income of $135,000. Declared and paid cash dividends of $52,500. Prepare the stockholders' equity section of Bramble Corp's December 31, 2022, balance sheet.
Splish Brothers Inc. has 10,800 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021.If Splish Brothers wants to pay $395,000 of dividends in 2022, what amount of dividends will common stockholders receive? Dividends allocated to common stock $enter Dividends allocated to common stock in dollars
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Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities outstanding were 1,040 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,900 shares of common were outstanding during 2020. The average market price of Ayayai’s stock during 2020 was $20.(a) Compute diluted earnings per share. Diluted earnings per share $
Calculate: -cost of common equity from retained earnings, using the CAPM method. - cost of new common stock based on the CAPM

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