Kingdom Corporation has the following: Preferred stock, $10 par value, 9%, 50,000 shares issued $500,000 Common stock, $15 par value, 300,000 shares issued and outstanding $4,500,000 In 2020, The company declared and paid $30,000 of cash dividends In 2021, The company declared and paid $150,000 of cash dividend. Required: How much is the TOTAL cash dividends that will be distributed to preferred and common stockholders over the two years, assuming the preferred stock is cumulative Please DO NOT use the "$" and "," signs in you answer. For example, if the right answer is Preferred $10,000 and Common $15,000, it should be EXACTLY written as: 10000 15000 Preferred Common

Kingdom Corporation has the following: Preferred stock, $10 par value, 9%, 50,000 shares issued $500,000 Common stock, $15 par value, 300,000 shares issued and outstanding $4,500,000 In 2020, The company declared and paid $30,000 of cash dividends In 2021, The company declared and paid $150,000 of cash dividend. Required: How much is the TOTAL cash dividends that will be distributed to preferred and common stockholders over the two years, assuming the preferred stock is cumulative Please DO NOT use the "$" and "," signs in you answer. For example, if the right answer is Preferred $10,000 and Common $15,000, it should be EXACTLY written as: 10000 15000 Preferred Common

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Kingdom Corporation has the following. Preferred stock, $10 par value, 9%, 50,000 shares issued In 2020, The company declared and paid $30,000 of cash dividends. $50 - Common stock, $15 par value, 300,000 shares issued and outstanding $4, In 2021. The company declared and paid $150,000 of cash dividend. Required: How much is the TOTAL cash dividends that will be distribu preferred stock is cumulative
Rose Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rose Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $60 per share. In recording this transaction, Rose would: Multiple Choice Debit retained earnings for $18 million. Credit common stock for $18 million. None of these answer choices are correct Credit paid-in capital—excess of par for $18 million DO NOT GIVE ANSWER IN IMAGE
Below is the history of the dividend payments for the HMST firm. What is your best estimate for the firm's cost of equity on December 3, 2021, if on that day the stock sells for $40? Date Paid 12/1/2017 12/1/2018 12/1/2019 12/1/2020 12/1/2021 $3.68 Dividend $3.5 $3.95 $4.29 $5.32 31.00% 19.73% 18.70% 23.11% 26.07%
May I know the answer ?
Spring Inc. reports the following information: Net income: $750,000 Dividends on common shares: $210,000 Dividends on preferred shares: $90,000 Average number of common shares outstanding: 250,000 Spring Inc. should report earnings per share of: Question 7 options: $2.16 $1.80 $3.00 $2.64 In 2020, Big Mountain Inc. reported net income of $75,000, and declared and paid a dividend of $14,000. The balance in the retained earnings account on December 31, 2020, was $86,000. What was the opening balance in retained earnings on January 1, 2020? Question 8 options: $25,000 $147,000 $61,000 $86,000
CorpCo gathered the following information as of the end of the current fiscal year: Dividends on common stock Market price per share of common stock Shares of common stock outstanding Dividends on preferred stock Shares of preferred stock outstanding Earnings per share on common stock Dividends per share of common stock Net income $125,000 $115.00 5,000 $65,000 600 $102.00 $25.00 $575,000 What is CorpCo's dividend yield? Enter your answer as a percent, rounded to one decimal place. 96
20. As of December 31, 2021, Halliburton Co. reported the following: Cash dividends payable $ 34,000 Treasury stock 740,000 Paid-in capital—share repurchase 34,000 Common stock and other paid-in capital accounts 5,400,000 Retained earnings 4,400,000 During 2022, half of the treasury stock was resold for $268,000; net income was $740,000; cash dividends declared were $1,640,000; and stock dividends declared were $640,000. The 2022 sale of half of the treasury stock would: Multiple Choice Reduce income before tax by $102,000 Reduce retained earnings by $68,000 Reduce retained earnings by $102,000 Increase total shareholders' equity by $370,000
The stockholders' equity section of the January 1, 2031 balance sheet for XYZ Company is given below: Common stock, $14 par value ................. $525,000 Paid-in capital – common stock .............. $150,000 Treasury stock (14,000 shares @ $16 cost) ... $224,000 Paid-in capital – treasury stock ............ $ 13,000 Retained earnings ........................... $107,000 XYZ Company entered into the following transactions during 2031: a. Re-issued 2,000 of the treasury shares for $11 per share. b. Re-issued 3,000 of the treasury shares for $13 per share. c. Issued 5,000 shares of previously un-issued common stock for $21 per share. d. Re-issued 6,000 of the treasury shares for $19 per share. Calculate the balance in the retained earnings account after all four transactions above are recorded.
Based on the information given below on Harmony Incorporated calculate the following: 1) Net Income; 2) Change to Retained Earnings; 3) EPS; 4) Dividends Per Share: 5) Dividend Yield EBIT Interest expense Tax 25,000,000 40% Preferred shares outstanding&div 200,000 ($8 each) Common shares outstanding Dividend Payout ratio Current stock price 2,000,000 50% $30
he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
The capital accounts of Boom Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?
The following financial information is available for Flintlock Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income BIU T₂ T² Ix !!! 111 2022 lil $2,532 298 40 504 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. Comment on your findings. W 2021 $2,591 144 611 40 555 트 M II á TT ¶ O Word(s)