Beckham Company has 1,000 shares of 4%, Pio0 par cumulative preferred stock outstanding at December 31, 2008. No dividends have been paid on this stock for 2007 or 2008. Dividends in arrears at December 31, 2008 total O PO. O P400. O P4,000. P8,000.
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- Pizza Hotline Technologies Corp. reported the following equity balances on December 31, 2009: Common shares, 250,000 shares issued $1,540,000 Retained earnings 321,000 Total equity $1,861,000 In 2010, Pizza Hotline Technologies Corp. completed the following equity related transactions: April 14 Reacquired 23,000 common shares at $8.00 per share. (This is the first time Pizza Hotline Technologies Corp. reacquired shares.) June 5 Reacquired 16,000 common shares at $6.50 per share. Required: Prepare the journal entries for the above transactions.At December 31, 2016, Paste Company had 30,000 shares of P100 par, 5% cumulative preference share outstanding. No dividends were in arrears as of December 31, 2014, Paste did not declare dividends during 2015. During 2016, Paste paid a cash dividend of P100,000 on its preference share. Paste should report dividends in arrears in its 2016 financial statements as a/an A. accrued liability of P150,000B. disclosure of P150,000C. accrued liability of P200,000D. disclosure of P200,000YG 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?
- s2007 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 weOn January 1, 2012, a company issued 10,000 shares of 10%, $10 par value cumulative preferred stock. No dividends were declared in 2012 or 2013. In 2014, the company declared a dividend of $200,000. How much of the 2014 dividend represents 2012 dividends? a $170,000 b $30,000 c $100,000 d $10,000
- 0.31 Mayan Company had net income of $33,670. The weighted average common shares outstanding were 9300. The company declared a $3,800 dividend on its noncumulative preferred stock. There were no other stock transactions. The company's basic earnings per share is Multiple Choice O $412 5387 $3:28 $3.70 $3.0317. Graniel Couture has $260,000 of 8% noncumulative, preferred stock outstanding. Graniel Couture also has $80,000 of common stock outstanding. The company paid cash dividends of $56,000 during the year. This dividend should be distributed as follows: a. $20,800 common; $35,200 preferred; b. $56,000 preferred; $0 common. c. $20,800 preferred; $35,200 common. d. $0 preferred; $56,000 common. e. $28,000 preferred; $28,000 common.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
- On January 1, 2011 a company had the following data: - issued 10,000 shares of $2.00 par value common stock for $12.00 per share - issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share - purchased 1,000 shares of previously issued common stock for $15.00 per share The company had the following dividend information available: 2011 - No dividend paid 2012 - Paid a $2,000 total dividend 2013 - Paid a $17,000 total dividend 2014 - paid a $32,000 total dividend Using the following format, fill in the correct values for each year; 2011 2012 2013 2014 Common stock dividend Preferred stock dividend Dividends in arrears Preferred Dividend per Share Common Dividend per ShareOn December 31, 2006 the shareholders' equity section on the Balance Sheet of Chaudière Furniture Ltd. showed the following. Preferred shares, $6.00 cumulative, non-participating, no-par 3,000 shares issued and outstanding $ 300,000 Common shares, 15,000 no-par shares issued and outstanding 750,000 Total contributed capital $1,050,000 Retained earnings 2.100.000 Total shareholders' equity $3.150.000 No dividends had been paid during 2005 or 2006. The following transactions took place during 2007. 1.0n March 31, Chaudière declared a cash dividend of $ 99,000.00. The dividend was to be paid on April 30 to the shareholders of record on April 15. 2.0n June 30, a 5% stock dividend was declared on the common shares. The market price of the common shares at that date was $108.00 per share. 3.0n September 30, Chaudière issued a 3-for-1 stock split. The common shares at that point were selling for $120.00 per share. 4.0n December 5, Chaudière declared a cash dividend of $1.00 per share on the…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?