Description Year 1 Year 2 Year 3 Total Distribution $12,000 $18,000 $90,000 Preferred Stock $12,000 $18,000 $30,000 Common Stock - - $30,000 Preferred dividends in Arrears - - $30,000* Dividends Per share Preferred Stock $0.6 $0.9 $3 Common Stock - - $0.3 How were the preferred and common stock calculated?

Description Year 1 Year 2 Year 3 Total Distribution $12,000 $18,000 $90,000 Preferred Stock $12,000 $18,000 $30,000 Common Stock - - $30,000 Preferred dividends in Arrears - - $30,000* Dividends Per share Preferred Stock $0.6 $0.9 $3 Common Stock - - $0.3 How were the preferred and common stock calculated?

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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Dividend Per Share Windborn Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $56,300 Year 2 18,000 Year 3 67,500 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) Common stock (Dividend per share)
Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 20,000 Year 3 75,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends per share) $ $ $
MC Qu. 11-153 A company has outstanding... A company has outstanding 13.50 million shares of $5.50 par common stock and 1.7 million shares of $4.70 par preferred stock. The preferred stock has an 9% dividend rate. The company declares $370,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? Multiple Choice O Preferred stockholders will receive the entire $370,000, and they must also be paid $53,000 before the end of the current accounting period. Common stockholders will receive nothing. Preferred stockholders will receive $33,300 or 9% of the total dividends. Common stockholders will receive the remaining $336,700. Preferred stockholders will receive the entire $370,000, and they must also be paid $53,000 sometime in the future before common stockholders will receive anything. Preferred stockholders will receive the entire $370,000, but will receive nothing more relating to this dividend…
Question: How many preference shares were issued and outstanding? How many ordinary shares were issued and outstanding?
Diluted Earnings per Share – Stock Options The records of Eureka Gold Company reveal the following capital structure as of December 31, 2018. $9 preferred stock, $100 par, 5,000 shares issued and outstanding………………………… $500,000 Additional paid-in capital on preferred stock…………………………………………………………… 110,000 Common stock, $10 par, 175,000 shares issued and outstanding……………………………. 1,750,000 Additional paid-in capital on common stock……………………………………………………………. 550,000 Retained earnings……………………………………………………………………………………………………. 778,000 To stimulate work incentive and to bolster trade relations, Eureka Gold on May 1, 2019, issued stock options to selected executives, creditors, and others allowing the purchase of 32,000 shares of common stock for $26 a share. Market prices for the stock at various times during 2019 were: Option issuance…
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Asap A corporation purchases 89000 shares of its own $30 par common stock for $47 per share, recording it at cost. What will be the effect on total stockholders’ equity? Decrease by $4183000 Increase by $4183000 Increase by $2670000 Decrease by $2670000
Dividends per share Windborn Company has 10,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) 0. X 20Y1 20Y2 20Y3 Feedback $7,500 4,000 15,000 Check My Work 0.50 0.40 0.60 0.00 0.18 m
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Description	Year 1	Year 2	Year 3
Total Distribution	$12,000	$18,000	$90,000

Preferred Stock	$12,000	$18,000	$30,000
Common Stock	-	-	$30,000
Preferred dividends in Arrears	-	-	$30,000*
Dividends Per share
Preferred Stock	$0.6	$0.9	$3
Common Stock	-	-	$0.3