Dividends on Preferred and Common StockPecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $32,000; 20Y2, $64,000; 20Y3,$144,000; 20Y4, $184,000; 20Y5, $224,000; and 20Y6, $280,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative,preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 par.Required:1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dívidends in arrears at the beginning of 2OY1. Summarize the data in tabularform. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0".Preferred DividendsCommon DividendsTotalYearDividendsTotalPer ShareTotalPer Share20Υ1$32,00020Y264,00020Y3144,00020Y4184,00020Y5224,00020Y6280,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.Average annual dividend for preferredper shareAverage annual dividend for commonper share3. Assuming a market price per share of $217 for the preferred stock and $24 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annualdividend per share (a) for preferred stock and (b) for common stock.Round your answers to two decimal places.Preferred stock%Common stock%

The preferred shares are cumulative and thus previous year dividend not paid would also be repaid to…

Answered: Determine the total dividends and the…

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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1. Prepare the journal entry to record Tamas Company's issuance of 5,100 shares of $100 par value, 6% cumulative preferred stock for $101 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Par Value per Preferred Share Dividend Rate % Dividend per Number of Preferred Preferred Share Shares Preferred Dividend
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Reinhardt furniture company has 40000 shares of cumulative preferred 2% stock, $150 par and 100000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $70000 Year 2 $200000 Year 3 $320000 Determine the dividends per share for preferred and common stock for each year. If the answer is zero, enter ' 0' round all the answers to two decimal places.
1. Record the transactions in the general journal. PLASE GIVE me the righanswer and explain 6-Feb: Declared a 5% stock dividend. The market value of the stock on that date was $25/share. Date Account DR CR 6-Feb Stock Dividend Correct Incorrect Common Stock Dividend Distributable Correct Incorrect Paid-in Capital in Excess of Par Value-Common Stock Correct Incorrect
am.100.
in the following table. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round per share amounts to the nearest cent when rounding is required. If an answer is zero, enter "0". A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative | in the following table. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round per share amounts to the nearest cent when rounding is required. If an answer is zero, enter "0". Preferred Year Dividends Total Per Share 1 $10,000 2 25,000 3 60,000 Common Total Per Share
A corporation, which had 39,700 shares of common stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $123 per share before the stock split, what would be an approximate market price per share after the split? per share c. Journalize the entry for the stock split. If no entry is required, type "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
On June 1, Sage Hill Inc. issues 2,500 shares of no-par common stock at a cash price of $7 per share. Prepare a tabular summary to record the issuance of the shares. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) June 1 Assets Cash Liabilities Paid-in-Capital Common Stock Revenue Stockholders' Equity Expense Retained Earnings Dividend
Ab. 156.
answer in text form please (without image), Note: .Every entry should have narration please
Need help with 3 and 4 3. If two years’ preferred dividends are in arrears at the current date, what is the book value per share of common stock? 4. If two years’ preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $13,800, what total amount will be paid to the preferred and to the common shareholders?
Windborn Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: 20Y1 $75,000 20Y2 15,000 20Y3 90,000 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'.

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Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no di m. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0".