On December 31, 2020, GMA Corp. has 5,000, 6% cumulative and non-participating preference shares issued at ₱100 per share and 100,000 ordinary shares at ₱120 per share. The board of directors declared and paid dividends in 2020. There is no change in the issued shares for 2021. In 2021, ₱113,000 of dividends are declared and paid. How much is the dividends received by the ordinary shareholders in 2021?

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A: Cumulative preferred stock is that stock on which dividends are accumulated if not paid in a…

Q: Please answer asap! UPVOTE will be given! No long explanation needed. Excel can be used. At the…

A: Shareholders equity is the total amount attributable to the shareholders of the company. It includes…

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A: The ordinary share capital refers to the total amount of capital raised by the company by issuing…

Q: If income tax rate is 30%, how much is the diluted EPS for the year ended December 31 , 2020

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

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A: Treasury Stock - Treasury stock is the own shares purchased by the corporation. It shows as the…

Q: WOW Corporation has the following shares issued and outstanding in December 2020: Common stock, $2…

A: Cumulative preference shares are those shares on which holders of that shares enjoys a right of…

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A: It is given in the question that preference shares were cumulative, so firstly we need to calculate…

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A: Cumulative preference shares are those shareholders whose dividend has been accumulated and paid in…

Q: Ritz Company had the following shares outstanding and Retalned Earnings at December 31, 2020: Common…

A: Here in this question, we are required to calculate dividend for equity and preference shares. In…

Q: The board of directors of Tamarisk, Inc. declared a cash dividend of $2.25 per share on 30000 shares…

A: Journal Entries are the entries to be recorded in the accounting books of the business for all the…

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A: Total dividend paid = No. of common stock c dividend per share =37000*$2.05 = $75,850

Q: ABC Company paid dividends of P400,000 and P600,000 at the end of 2020 and 2021, respectively. The…

A: Formula: Preferred dividend = Total Preference shares x PAR Value x Preferred rate.

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A: Cash dividends are  distribution of accumulated earnings by a companies to its stockholders.…

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A: Cumulative Preferred Stock is one of the types of preference shares in which it is mandatory for…

Q: Stampede Inc. (SI) is a public company. On January 1, 2020, 65,000 common shares were issued and…

A: Earnings per Shares - Earnings per shares is the calculated by dividing net income to outstanding…

Q: 1. cumulative and nonparticipating and the total amount that the board of directors has specified…

A: 1. Formulas: *2 is for 2 years as the company has not paid any dividend in the previous year.

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A: Cash dividend is paid out of surplus or the reserves of the company Company can pay cash dividend or…

Q: Sheridan Company had 219,600 shares of common stock outstanding on December 31, 2021. During the…

A: Earnings per shares refers to the profit earned by each shareholder after paying all the expenses of…

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A: The journal entries can be defined as the process of recording the business transaction into the…

Q: HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6%…

A: Annual Dividend to Preferred shareholders = preferred share capital x rate of dividend = ₱200,000 x…

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A: Earnings per share are the earnings earned by each shareholder from the earnings or net income of…

Q: Manner, Inc. has 5,000 shares of 6%, $100 par value, noncumulative preferred stock and 20,000 shares…

A: Computation of the dividend received by common stockholders in 2018 is as follows :

Q: 4. During 2020, Maldives Corporation started their company on January 1st and reported the following…

A: Assuming face value of share is $10 Issue of shares  greater than face value is to be credited  to…

Q: On Dec 15, 2019 the board of directors of Flexsttel declared a cash dividend. The dividend is…

A: Total dividend declared = No. of common shares outstanding x dividend per share = 2,000,000  x $0.80…

Q: Blue Spruce Corp. has 15000 shares of 5%, $100 par value, cumulative preferred stock and 30000…

A: Annual preference dividend=Number of share×Par value×5%=15,000×$100×5%=$75,000

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A: Dividends  The amount of net profits that are allocated to stock investors up to their respective…

Q: During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire…

A: Solution: Earnings for common stockholders = Net income - Preferred dividends = P500,000  -…

Q: Wheaton Tire Inc., [WTI] reported the following excerpts from shareholders’ equity on January 1,…

A: Dividend is the amount to be paid by the company out of profit made to the shareholder's of the…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.