On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2 par common stock for $12 per share. Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15 per share. The company had the following dividend information available: Year 1 No dividend paid Year 2 Paid $2,000 total dividends Year 3 Paid $20,000 total dividends Year 4 Paid $25,000 total dividends Fill in the correct values for each year: If your answer is zero, please enter "0". Year 1 Year 2 Year 3 Year 4 Common stock dividend $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Preferred stock dividend $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 Dividends in arrears $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2 par common stock for $12 per share. Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15 per share. The company had the following dividend information available: Year 1 No dividend paid Year 2 Paid $2,000 total dividends Year 3 Paid $20,000 total dividends Year 4 Paid $25,000 total dividends Fill in the correct values for each year: If your answer is zero, please enter "0". Year 1 Year 2 Year 3 Year 4 Common stock dividend $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Preferred stock dividend $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 Dividends in arrears $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
On January 1, Year 1, a company had the following transactions:
- Issued 10,000 shares of $2 par common stock for $12 per share.
- Issued 3,000 shares of $50 par, 6% cumulative
preferred stock for $70 per share. - Purchased 1,000 shares of previously issued common stock for $15 per share.
The company had the following dividend information available:
Year 1 | No dividend paid |
Year 2 | Paid $2,000 total dividends |
Year 3 | Paid $20,000 total dividends |
Year 4 | Paid $25,000 total dividends |
Fill in the correct values for each year:
If your answer is zero, please enter "0".
Year 1 | Year 2 | Year 3 | Year 4 | |
Common stock dividend | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 |
Preferred stock dividend | $fill in the blank 5 | $fill in the blank 6 | $fill in the blank 7 | $fill in the blank 8 |
Dividends in arrears | $fill in the blank 9 | $fill in the blank 10 | $fill in the blank 11 | $fill in the blank 12 |
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