On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2.00 par common stock for $12.00 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 $15.00 per share. No other shares of stock were issued or outstanding. 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". Common stock dividend Preferred stock dividend Dividends in arrears Year 1 Year 2 Year 3 Year 4
On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2.00 par common stock for $12.00 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 $15.00 per share. No other shares of stock were issued or outstanding. 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". Common stock dividend Preferred stock dividend Dividends in arrears Year 1 Year 2 Year 3 Year 4
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter15: Shareholders’ Equity: Capital Contributions And Distributions
Section: Chapter Questions
Problem 13E
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Question
![On January 1, Year 1, a company had the following transactions:
- Issued 10,000 shares of $2.00 par common stock for $12.00 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 $15.00 per share.
No other shares of stock were issued or outstanding.
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
Common stock dividend
Preferred stock dividend
Dividends in arrears
Year 3
§§
$
$
$
Year 4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba07e349-53e8-4588-a65d-d407dd81d85e%2Fbdd8ff51-a997-4533-804c-bad28480cbc6%2Fcvs0gv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On January 1, Year 1, a company had the following transactions:
- Issued 10,000 shares of $2.00 par common stock for $12.00 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 $15.00 per share.
No other shares of stock were issued or outstanding.
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
Common stock dividend
Preferred stock dividend
Dividends in arrears
Year 3
§§
$
$
$
Year 4
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