### Dividends Per ShareWindborn Company has 10,000 shares of cumulative preferred 1% stock, $150 par, and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:- **20Y1**: $37,500- **20Y2**: $12,000- **20Y3**: $45,000Determine 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 | Preferred Stock (dividends per share) | Common Stock (dividends per share) ||:----:|:-------------------------------------:|:----------------------------------:|| 20Y1 | [input box] | [input box] || 20Y2 | [input box] | [input box] || 20Y3 | [input box] | [input box] |**Explanation:**- **Preferred Stock**: Cumulative preferred stock means that if any dividends are omitted, they must be paid out before any dividends can be paid to common stockholders in future years.- **Common Stock**: The dividend payments to common stockholders occur only after the preferred dividends are fully paid.### Steps to Calculate:1. **Determine total preferred dividends per year**: - Preferred stock dividend = 1% of $150 par * 10,000 shares. - Annual preferred dividend: 0.01 * 150 * 10,000 = $15,000.2. **Distribute dividends year by year**: - **20Y1**: Pay full preferred dividends and calculate the remainder for common stock. - **20Y2**: Pay any outstanding preferred dividends from 20Y1 first, and then the current year's preferred dividends before calculating the common stock dividends. - **20Y3**: Carry over any unpaid preferred dividends from prior years and then distribute the remaining properly.### Example Calculation:For each year, we distribute dividends according to the sequence: unpaid preferred dividends → current preferred dividends → common stock dividends.**Graphical Elements**: This section of the webpage might feature interactive input boxes or auto-calculating fields for students to enter values and automatically see results based on the provided data and their calculations.

Preferred Dividend :— It is calculated by multiplying face value of preferred stock with dividend…

Answered: Dividends Per Share Windborn Company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Hound, Inc. has the following stock issued as of December 2015: 7% Preferred Stock, $100 par, 10,000 shares issued and outstanding Common Stock, $5 par, 50,000 shares issued and outstanding The preferred stock dividend is non-cumulative. Dividends were paid in 2013, but were not paid during 2014. On December 15, 2015, Hound declares dividends of $210,000. How much of this dividend will be distributed to Preferred Stock?
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)
Sandpiper Company has 20,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $60,000 20Y2 24,000 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'. Preferred Stock(dividends per share) Common Stock(dividends per share) 20Y1 fill in the blank fill in the blank 20Y2 fill in the blank fill in the blank 20Y3 fill in the blank fill in the blank
Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2012. What is the annual dividend on the preferred stock?Select one:a. $0.50 per shareb. $30,000 in totalc. $300 in totald. $50 per share
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) $ $ $
On 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
Directions: Determine values for the missing items. Round answers to one decimal. 2018 2017 Net Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number Shares ? 59.2 Diluted Number of Shares 64.8 ? Earnings Per Share Basic 1.50 1.09 Diluted 1.43 1.02 Assume no preferred stock or restricted stock unit dividends .
Dividends Per Share Windborn Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 18,000 135,000 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'. 20Y3 20Y1 20Y2 20Y3 $112,500 Preferred Stock (dividends per share) G LA Common Stock (dividends per share) U S
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