Bramble, Inc. has 10700 shares of 5%, $100 par value, noncumulative preferred stock and 107000 shares of $1 par value commonstock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $50500 dividend in2019. In 2020, $109300 of dividends are declared and paid. What are the dividends received by the preferred and commonshareholders in 2020?PreferredCommon$109300$60800$48500$53500$55800$54650$54650

The dividend is the amount declared and distributed to the shareholders. It is declared to the…

Answered: Bramble, Inc. has 10700 shares of 5%,…

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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Concord, Inc., has 4000 shares of 5%, $100 par value, noncumulative preferred stock and 32000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $59800 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $0 $8000 $39800 $20000
Bonita, Inc., has 3150 shares of 5%, $100 par value, cumulative preferred stock and 25200 shares of $1 par value common stock outstanding from December 31, 2018 through Dec. 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $28000 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020? $15750 O $0 O $28000 O $8750
Waterway, Inc., has 4900 shares of 3%, $100 par value, cumulative preferred stock and 39200 shares of $1 par value common stock outstanding from December 31, 2018 through Dec. 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $45200 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020? $0 $45200 $14700 $46300
Skysong Company has 23,000 shares of $1 par common stock issued and outstanding. The company also has 2,300 shares of $100 par 3% cumulative preferred stock outstanding. The company did not pay the preferred dividends in 2018 or 2019. What amount of dividends must the company pay the preferred shareholders in 2020 if they wish to pay the common stockholders a dividend? Amount of dividend?
Walker Ltd. had the following share transactions in 2021: Event Shares Opening balance, common shares, January 1, 2021 120,000 Common shares issued, March 1, 2021 60,000 Preferred shares issued, May 1, 2021 25,000 Common shares repurchased, June 1, 2021 30,000 What was the weighted average number of common shares outstanding in 2021? Question 7 options: 112,500 169,166 152,500 150,000
At December 31, 2021 and 2020, P Co. had 50,000 shares of common stock and 5,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $500,000. For 2021, basic earnings per common share amounted to:
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
Sheffield Inc., has 2300 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $4000 dividend in 2019. In 2020, $21900 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020? $5750 $11500 $14400 $7500
Flatfish Limited reported the following items in shareholders' equity on December 31, 2020: Share capital: Preferred shares, $5 cumulative dividend, 144,000 shares issued and outstanding Share capital: Common shares, 699,000 issued and outstanding Retained earnings 2018 arrears 2019 arrears No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,851.150 were declared. Calculate how much would be paid to each class of shares. 2020 2018 arrears 2019 arrears Preferred 2020 Preferred $ No dividends were declared in 2018 or 2019; however, in 2020, cash dividends of $4,851.150 were declared. Calculate how much would be paid to each class of shares. Common Cash dividend per share $ $14,400,000 Common 27,960,000 $ 22,900,000 Total S Total Assuming that the number of common shares remained constant throughout 2020, what was the cash dividend per share distributed to the common shareholders? (Round answer to 2 decimal places, e.g. 4.62.) $
Stanley Company has 18,000 outstanding shares of $25 par, 6.25% preferred stock, and 22,000 shares of $3 par value common stock. The Board of Directors declared and paid the following dividends: $20,000 in 2021, $30,000 in 2022, and $200,000 in 2023. 1. 2. Calculate the total amount of dividends allocated to both preferred and common shareholders in 2023 for the following type of preferred stock: noncumulative and participating. Show calculations and label answers (yellow highlight). Same as above except calculate the dividends allocated to both preferred and common shareholders in 2023 for the following type of preferred stock: cumulative and nonparticipating. Show calculations and label answers (yellow highlight).
XYZ CO. had 200 shares of common stock outstanding 12 31, 2020. July 1, 2021 xyz issued 52 shares for cash. On January 1, 2021 xyz issued 22 shares of convertible preferred stock. The preferred stock had a par value of shares $100 per share and paid 6% dividend. Each share of preferred stock is convertible into 9 shares of common. During 2021 xyz paid regular dividend on the preferred and common stock. Net income was 320 Calculate xyz basic and diluted earning per share 2021.
Indicate the amount of annual dividend on each issue of the preferred shares by completing the last column of the above table Assume that there are one year of dividends in arrears at the beginning of 2020, and Essex declared total dividends of $40,000 in 2020. What is the amount of dividends that the common shareholders will receive in 2020?

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