Case A:TotalPer shareCase B:TotalPer shareCase C:TotalPer shareItemPreferredSharesAssetsLiabilitiesShareholders' equity$$9,280 $0.80$27,8402.40 $27,840 $2.40 $CommonShares44,9200.9848,1601.052. Assume that the company in Case C issued a 12 percent common stock dividend on the outstanding common shares. The marketvalue per share was $22. on the date of declaration. Complete the following comparative schedule for common shares only, includingexplanation of the differences. (Enter any decreases to account balances with a minus sign.)76,1601.66Amount of Dollar Increase (Decrease)Cash Dividend-Case C Stock Dividend P10-4 (Algo) Comparing Stock and Cash Dividends (AP10-4), LO10-4, 10-6Calgate Company had the following shares outstanding and retained earnings at the end of the current year:Preferred shares, 4% (par value $20; outstanding, 11,600 shares)Common shares (outstanding, 46,000 shares)Retained earnings$ 232,000680,000160,000The board of directors is considering the distribution of a cash dividend to both groups of shareholders. No dividends were declaredduring the previous two years. Three independent cases are assumed:Case A: The preferred shares are non-cumulative; the total amount of dividends is $54,200.Case B: The preferred shares are cumulative; the total amount of dividends is $76,000.Case C: Same as case B, except the amount is $104,000.Required:1. Compute the amount of dividends, in total and per share, that would be payable to each class of shareholders for each case. (Round"Per share" to 2 decimal places.)

Stock Dividend is the issuance of shares by the company in the form of a dividend to the existing…

Answered: Calgate Company had the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Markus Company’s common stock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year’s financial statements:      EndingBalance BeginningBalance Cash $ 40,000 $ 40,200 Accounts receivable $ 84,000 $ 63,700 Inventory $ 70,600 $ 84,000 Current assets $ 194,600 $ 187,900 Total assets $ 699,000 $ 755,600 Current liabilities $ 78,000 $ 76,500 Total liabilities $ 184,000 $ 165,600 Common stock, $1 par value $ 152,000 $ 152,000 Total stockholders’ equity $ 515,000 $ 590,000 Total liabilities and stockholders’ equity $ 699,000 $ 755,600       This Year Sales (all on account) $ 980,000 Cost of goods sold $ 568,400 Gross margin $ 411,600 Net operating income $ 263,250 Interest expense $ 13,500 Net income $ 174,825 Questions: 11) What is the company’s operating cycle? (Round your intermediate and final answers to 2…
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,704,000 $3,264,000 Net income 600,000 550,000 Dividends:     On preferred stock (10,000) (10,000)     On common stock (100,000) (100,000) Retained earnings, December 31 $4,194,000 $3,704,000 Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $10,850,000 $10,000,000 Cost of merchandise sold 6,000,000 5,450,000 Gross profit $4,850,000 $4,550,000 Selling expenses $2,170,000 $2,000,000 Administrative expenses 1,627,500 1,500,000 Total operating expenses $3,797,500 $3,500,000 Income from operations $1,052,500 $1,050,000 Other revenue and expense:     Other revenue…
Markus Company’s common stock sold for $1.75 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year’s financial statements:      Ending Balance Beginning Balance Cash $ 27,000 $ 43,800 Accounts receivable $ 48,000 $ 41,300 Inventory $ 45,100 $ 48,000 Current assets $ 120,100 $ 133,100 Total assets $ 312,000 $ 263,800 Current liabilities $ 49,500 $ 34,500 Total liabilities $ 82,000 $ 73,800 Common stock, $1 par value $ 105,000 $ 105,000 Total stockholders’ equity $ 230,000 $ 190,000 Total liabilities and stockholders’ equity $ 312,000 $ 263,800 This Year Sales (all on account) $ 580,000 Cost of goods sold $ 336,400 Gross margin $ 243,600 Net operating income $ 49,500 Interest expense $ 3,000 Net income $ 32,550 6. What is the book value per share at the end of this year?
Some of the account balances of Oriole Limited at December 31, 2022, are as follows: $8 Preferred shares (2,500 shares authorized, 2,500 shares issued and outstanding) Common shares (unlimited authorized, 44,000 shares issued and outstanding) Contributed surplus Retained earnings Accumulated other comprehensive income $480,000 560,000 109,000 (a1) 796,000 23,885 The price of the company's common shares has been increasing steadily on the market; it was $23 on January 1, 2023, and advanced to $26 by July 1 and to $29 at the end of 2023. The preferred shares are not openly traded but were appraised at $122 per share during 2023. Oriole follows IFRS and had net income of $148,000 during 2023. For the purpose of this question, ignore any dividend entitlement to the preferred shareholders. The company declared a property dividend on April 1. Each common shareholder was to receive one share of Pharoah Corp. for every 11 shares outstanding. Oriole had 8,500 shares of Pharoah (2% of the…
Markus Company’s common stock sold for $1.75 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year’s financial statements: Ending Balance Beginning Balance Cash $ 27,000 $ 43,800 Accounts receivable $ 48,000 $ 41,300 Inventory $ 45,100 $ 48,000 Current assets $ 120,100 $ 133,100 Total assets $ 312,000 $ 263,800 Current liabilities $ 49,500 $ 34,500 Total liabilities $ 82,000 $ 73,800 Common stock, $1 par value $ 105,000 $ 105,000 Total stockholders’ equity $ 230,000 $ 190,000 Total liabilities and stockholders’ equity $ 312,000 $ 263,800 This Year Sales (all on account) $ 580,000 Cost of goods sold $ 336,400 Gross margin $ 243,600 Net operating income $ 49,500 Interest expense $ 3,000 Net income $ 32,550 3. What are the dividend payout ratio and the dividend yield ratio?
Ute Company reported the following capital structure during the current year: 5% cumulative preference share capital, par value P100, 25,000 shares issued and outstanding Ordinary Share capital, par value P35, 100,000 shares issued and outstanding The entity reported net income of P5,000,000 for the current year. The entity paid P125,000 in preference dividends in the current year. 7. What amount should be reported as the basic earnings per share? a. 48.75 b. 50.00 c. 51.25 2,500,000 3,500,000

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Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 4% (par value $20; outstanding, 11,600 shares) Common shares (outstanding, 46,000 shares) Retained earnings $ 232,000 680,000 160,000