Archer, Inc., has 10,000 shares of 8%, Pioopar value, noncumulative preferred stockand 40,000 shares of Pi par value commonstock outstanding at December 31, 2008.There were no dividends declared in 2007.The board of directors declares and pays aP120,000 dividend in 2008. What is theamount of dividends received by thecommon stockholders in 2008? *POP80,000O P120,000O P40,000

In this question we need to calculate the dividend for common shares and preferred shares…

Answered: Archer, Inc., has 10,000 shares of 8%,…

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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YG Company has 5,000 shares of 6%, USD100 par value, noncumulative preferred stock and 20,000 shares of USD1 par value common stock outstanding at December 31, 2013. There were no dividends declared in 2011, the first year of operations. The BOD of the company declares and pays a USD50,000 dividend in 2013. What is the amount of dividends per share received by the ordinary shareholders in 2013?
most possible answer is 8,300,000 Please show solution in good accounting form
Riverbed Ltd. provides the following information for calendar 2023: 1. Net income $468,470 2. Capital Structure a) $9 preferred shares, no par value, cumulative, 6,000 shares outstanding $600,000 No dividends were declared during 2023. b) Common shares, 81,000 shares outstanding on January 1. On April 1, 43,000 shares were issued for cash. On October 1, 19,000 shares were purchased and retired $1,187,500 c) On January 2, 2022, Riverbed purchased Apso Corporation. One of the terms of the purchase was that if Riverbed’s net income for 2022 or subsequent years is $448,470 or more, 53,000 additional common shares would be issued to Apso shareholders.Calculate basic and diluted earnings per share for 2023. (Round answers to 2 decimal places, e.g. 15.25.) Basic earnings per share $enter a dollar amount rounded to 2 decimal places Diluted earnings per share $enter a dollar amount rounded to 2 decimal places
2007 LO 7 endedere outstanding. On May 1, an additional 10,000 shares were issued. On Stocmber 1, the company purchased 5,000 shares of its own common stock and Deceem as treasury stock until the end of the year. No other changes in common shares outstanding occurred during the year. dn annual dividend on the 8,000 shares of 3.5%, $100 par value preferred stock that During the year, Ringmeup, Inc., paid were outstanding the entire year. Required: Calculate basic earnings per share of common stock for the year ended Decem- ber 31, 2013. uplain the EPS effect of convertible preferred fircal year ended January 3 atock we
Lenore, Inc. declared a cash dividend of $90,000 in 2021 when the following stocks were outstanding: Common stock 30,000 shares, $5 par value $150,000 Preferred stock, 6%, 6,000 shares, $50 par value $300,000 No dividends were declared or paid during the prior two years. Required: Compute the amount of dividends that would be paid to each stockholder group if the preferred stock is noncumulative. Compute the amount of dividends that would be paid to each stockholder group if the preferred stock is cumulative.
Chemical Corporation produces liquid chemicals A and B from a joint process. Joint costs are allocated on the basis of relative sales value at split-off. It costs $4,560 to process 500 gallons of Product A and 1,000 gallons of Product B to the split-off point. The market value at split-off is $10 per gallon for Product A and $14 for Product B. Product B requires an additional process beyond split-off at a cost of $2 per gallon before it can be sold. What is Chemical's cost to produce 1,000 gallons of Product B? Choose... Choose... $4,860 $5,360 $3,360 $5,040
Ace Corporation pays its cumulative preferred stock $1.95 per share. There are 40,000 shares of preferred and 80,000 shares of common. In 2016, 2017, and 2018, because of slowdowns in the economy, Ace paid no dividends. Now, in 2019, the board of directors has decided to pay out $600,000 in dividends. The common stockholders receive: Multiple Choice $288,000 $312,000 $444,000 $366,000 3:14 acer
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On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends. SI5.000. Net income for 2010. S25.000
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On December 31, 2015, Haikyu Company 140,000 issued P100-par 8% cumulative preference shares and 600,000 issued P50-par ordinary shares. There were no treasury shares. The total Shareholders' Equity on the same date is P43,512,000. No dividends were declared since the year 2012. Assuming the preference shares are preferred as to assets, how much is the book value of each ordinary share?

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