Manner, Inc. has 5,000 shares of 6%, P100par value, noncumulative preferred stockand 20,000 shares of Pi par value commonstock outstanding at December 31, 2008.There were no dividends declared in2007.The board of directors declares and pays aP55,000 dividend in 2008. What is theamount of dividends received by thecommon stockholders in 2008? *POP30,000P55,000P25,000

Non cumulative preference shareholders are those shareholders on which dividend is not accumulated…

Answered: Manner, Inc. has 5,000 shares of 6%,…

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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most possible answer is 8,300,000 Please show solution in good accounting form
In December 31, 2009, Brave Corporation reported the following: Cash P22,000 Treasury Stock (P8 per share, at cost) (16,000) Retained earnings 130,000 Common stock, par P5; (authorized 100,000 shares) 400,000 Share Premium ? Total contributed capital 540,000 The stockholders' equity section of the balance sheet, should report a total stockholder's equity of: The stockholders' equity section of the balance sheet, should report a share premium of:
2007 LO 7 endedere outstanding. On May 1, an additional 10,000 shares were issued. On Stocmber 1, the company purchased 5,000 shares of its own common stock and Deceem as treasury stock until the end of the year. No other changes in common shares outstanding occurred during the year. dn annual dividend on the 8,000 shares of 3.5%, $100 par value preferred stock that During the year, Ringmeup, Inc., paid were outstanding the entire year. Required: Calculate basic earnings per share of common stock for the year ended Decem- ber 31, 2013. uplain the EPS effect of convertible preferred fircal year ended January 3 atock we
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On January 1st, 2023, Jackson Corporation had 15,000, $2.60 cumulative preferred shares and 20,000 common shares. Jackson did not pay any cash dividends during the previous fiscal year-ended December 31st, 2022. The company pays $45,000 of cash dividends during 2023. Which of the following amounts represents the cash dividends that the preferred shareholders would receive in 2023? $39,000 $45,000 $15,000 $6,000 None of the above. please answer do not image.
A company issues 10,000 shares of its own $10 par value common stock to the public for $19 per share. Later, 1, 000 of these shares are bought for $21 per share as treasury stock. Which of the Losses on the resale of these shares would impact reported net income for the year although gains would not The par value method and the cost method have the same total impact on stockholders equity Because this is a stock transaction, retained earnings cannot be affected by a re - issuance of these shares
On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends. SI5.000. Net income for 2010. S25.000
On December 31, 2006 the shareholders' equity section on the Balance Sheet of Chaudière Furniture Ltd. showed the following. Preferred shares, $6.00 cumulative, non-participating, no-par 3,000 shares issued and outstanding $ 300,000 Common shares, 15,000 no-par shares issued and outstanding 750,000 Total contributed capital $1,050,000 Retained earnings 2.100.000 Total shareholders' equity $3.150.000 No dividends had been paid during 2005 or 2006. The following transactions took place during 2007. 1.0n March 31, Chaudière declared a cash dividend of $ 99,000.00. The dividend was to be paid on April 30 to the shareholders of record on April 15. 2.0n June 30, a 5% stock dividend was declared on the common shares. The market price of the common shares at that date was $108.00 per share. 3.0n September 30, Chaudière issued a 3-for-1 stock split. The common shares at that point were selling for $120.00 per share. 4.0n December 5, Chaudière declared a cash dividend of $1.00 per share on the…
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On December 31, 2015, Haikyu Company 140,000 issued P100-par 8% cumulative preference shares and 600,000 issued P50-par ordinary shares. There were no treasury shares. The total Shareholders' Equity on the same date is P43,512,000. No dividends were declared since the year 2012. Assuming the preference shares are preferred as to assets, how much is the book value of each ordinary share?

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