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

Q: Cash dividends on the $10 par value common stock of Garrett Company were as follows: 1st quarter of…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Sarasota Rock Inc. has 7670 shares of 5%, $100 par value, cumulative preferred stock and 46020…

A: Cumulative Preference Stock Includes That If In Any Year Dividends Not Paid Then They Must Give The…

Q: Al Hamra Company issues 500,000 shares of common stock on January 1, 2020 trading at RO 0.200 per…

A: Before the declaration of stock dividends: Number of Shares = 500,000 shares Price per Share = RO…

Q: MINNEAPOLIS, March 12, 2020 /PRNewswire/—The board of directors of Target Corporation (NYSE:TGT) has…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: On June 30, 2019, when Elmer Inc. shares were selling for $ 65 each, the equity accounts had the…

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: Vaughn Manufacturing has 10,800 shares of 8%, $100 par value, cumulative preferred stock outstanding…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Wininger Corporation has 1,000 shares of​ 6%, $50 par​ value, cumulative preferred stock and​ 25,000…

A: Annual preferred dividend :— It is calculated by multiplying face value of preferred stock with…

Q: The following financial information is available for Sheridan Ltd. as at December 31 (in thousands,…

A: Profit available to common stock holders= Profit- Preference dividend EPS= Profit available to…

Q: The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley…

A: Shareholders’ Equity :— It is the value of total assets after paying all its liabilities.    Paid in…

Q: Cloudy Company has 25,000 shares of $100 par value, 6% cumulative preferred stock and 150,000 shares…

A: Dividend distribution is a method of distributing profit among the company's shareholders. The…

Q: Accounting Cherry Corporation had 600,000 shares of common stock outstanding during 2020. In…

A: Answer a:- EPS = $1.67. Explanation:-  Computation of EPS:-  EPS = Net Income / Outstanding shares…

Q: What dividends are the preferred stockholders entitled to receive in the current year before any…

A: Answer:   $464,000

Q: At December 31,2018 and 2019, TJH Company had outstanding 4,000 shares of P 100 par value, 12%…

A: Preference shares are the investment securities which get fixed return in the form of dividends and…

Q: On December 31, 2020, Vitners Company had outstanding 400,000 shares of common stock. There were…

A: Introduction:- There were 400,000 shares of common stock and 40,000 shares of 8% cumulative…

Q: The shareholders' equity of Broncos Corporation includes $300,000 of $1 par common stock and…

A: Dividend per share: Dividend per share is calculated for Preferred stock as well as Common Stock.…

Q: Using the information below, how may Ordinary shares were issued in 2020? The shareholders' equity…

A: Ordinary share capital gets impacted only when shares are issued, therefore, to ascertain the number…

Q: 1. At January 1, 2019, Marion Company had 400,000 shares of common stock issued and outstanding,…

A: Earnings per share are the amount that is earned by the equity shareholder on each share in which…

Q: Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares of…

A: A dividend represents the distribution of profit among the shareholders.

Q: An analysis of stockholders' equity of Hang Corporation as of January 1, 2020, is as follows: Common…

A: Treasury stock=Acquisition-Sale=P 75,000-2,000×P35-500×P20=P 5,000

Q: On January 2, 2017, Marigold Corporation issued 76000 shares of 6% preferred stock at $100 par…

A: A dividend is part of a company's profit which is the distribution of a part of a corporation's…

Q: ABC Inc had 10,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value…

A: Solution: Annual preferred dividends = 10000*$20*6% = $12,000 Amount of dividend received by…

Q: The NiceWay Corporation's statement of financial position shows the total stockholders' equity of…

A: The book value per share is calculated as total shareholders equity divided by number of shares…

Q: The shareholders' equity si 2020, was as follows: $3 cumulative preferred sh shares issued $900,00…

A: Date Particulars Debit Credit Sep 15,2021  Retained Earnings A/c 54000     To Preference…

Q: At the end of 2018, ABC Company has 18,000 shares, P 20 par ordinary shares that were all issued at…

A: The stockholders' equity refers to the amount that is attributable to the shareholders of the…

Q: Bonita Industries had the following information in its financial statements for the years ended 2020…

A: The payout ratio is calculated by dividing the cash dividend by the net income and multiplying by…

Q: Sirap Co. has 10000 shares of 6% $100 par preferred stock outstanding. The company also has 100000…

A: Lets understand the basics.Stocks are divided into mainly two types which are,(1) common shares(2)…

Q: Sheffield, Inc. has 2000 shares of 6%, $50 par value, cumulative preferred stock and 40000 shares of…

A: Dividend means the amount of money paid by the entity to the shareholders of the entity out of…

Q: Common stock, $2 par, 200,000 shares issued and outstanding On October 1, 2020, the company…

A: Stock Dividend distribution is a method of capitalizing the retained earning.   Stock dividend value…

Q: On December 31, 2020, Coronado, Inc. has 3600 shares of 6% $100 par value cumulative preferred stock…

A: Dividends declared payable to stockholders by a corporation's board of directors are known as…

Q: Waterway Inc., has 3700 shares of 5%, $50 par value, cumulative preferred stock and 99400 shares of…

A: Introduction Preferred dividends are paid before the payment of dividends on common stock.…

Q: On January 1, 2020 ,Herron Corporation purchased 5,000 shares of treasury stock. Other information…

A: Return on Common Stockholders' Equity will be calculated using following Formulae : Return on Common…

Q: During 2019, Crockett, Inc.'s net income was $200,000. Its common stockholders equity was $700,000…

A: given that, net income for the year = $200000 common stockholders equity at the beginning of the…

Q: The information below is available for XYZ Co. . The number of shares to be used in computing…

A: Earnings per ordinary share means how much earnings is attributable to one share. Earnings…

Q: Outstanding stock of the Cheyenne Corporation included 37000 shares of $5 par common stock and 11500…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per…

Q: On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative preferred stock…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: The shareholders' equity of ILP Industries includes the items shown below. The board of directors of…

A: The preferred shareholders receives the dividend before any dividend is paid to common stockholders.…

Q: The shareholders' equity of Gregorio Company included P4,000,000 of P10 par ordinary share capital…

A: A dividend is considered as a part of the distributable profit distributed by the company to its…

Q: Sheffield Corp. had the following information in its financial statements for the year ended 2020…

A: Payout Ratio - This ratio shows the amount of dividend paid out from net income.

Q: The shareholders' equity of Vienna Co. includes the items shown below. The board of directors of…

A: Answer

Q: Question 3. On December 31, 2020, Adelphi Corporation has outstanding 500 shares of $100 par value,…

A: Preferred stock means the amount raised against which dividend is given to stock holder but after…

Q: On December 31, 2021, XYZ Corporation had 200,000 Ordinary shares and 20,000 cumulative 5%…

A: Cumulative preference share dividend is deducted on accrual basis from net income for the current…

Q: the shareholders' equity of Gregorio Company included P4,000,000 of P10 par ordinary share capital…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: On December 31, 2020, Oriole, Inc. has 4100 shares of 4% $100 par value cumulative preferred stock…

A: Dividend is the amount of profit being distributed to shareholders. It can be cash dividend,…