Question Content Area Texas Inc. has 9,000 shares of 7%, $125 par value cumulative preferred stock and 83,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. $0.01 per share b. $70.00 per share c. $78,750 in total d. $5,810 in total
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Question Content Area
Texas Inc. has 9,000 shares of 7%, $125 par value cumulative
preferred stock and 83,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock?a. $0.01 per shareb. $70.00 per sharec. $78,750 in totald. $5,810 in total
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- Dividend Per Share Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 37,500 Year 3 225,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) $ $ $ Common stock (Dividend per share) $ $Answer is B. Show how the answer is B.Earnings Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: Net income Preferred dividends Average number of common shares outstanding 20Y3 $1,411,000 $215,000 80,000 shares 20Y2 $1,212,750 $215,000 65,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 $ 20Y2 $ per share per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?
- Yas.6Dividend Per Share Windborn Company has 25,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 10,000 Year 3 75,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) $ $ $ $ Common stock (Dividend per share) $ $Dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: 20Y1 2012 2013 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Y1 $37,500 12,000 45,000 2012 2013
- Question Content Area A company reports the following: Net income $450,930 Preferred dividends $33,400 Shares of common stock outstanding 43,000 Market price per share of common stock $28.16 Determine the company's earnings per share on common stock. Round your answer to the nearest cent.$fill in the blank 1Treasury Stock Coastal Corporation issued 35,000 shares of $5 par value common stock at $34 per share and8,400 shares of $50 par value, eight percent preferred stock at $156 per share.Later, the company purchased 4,200 shares of its own common stock at $40 per share.a. Determine the financial statement effect of the share issuances and the purchase of its own common shares. Balance Sheet Income Statement Assets = Liabilities + Equity Revenues - Expenses = Net Income Answer Answer Answer Answer Answer Answer b. Assume that Coastal sold 2,800 shares of the treasury stock at $52 per share.Determine the financial statement effect of the sale of the treasury stock. Balance Sheet Income Statement Assets = Liabilities + Equity Revenues - Expenses = Net Income Answer Answer Answer Answer Answer Answer c. Assume that Coastal sold the remaining 1,400…Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $20 F common stock. The following amounts were distributed as dividends: Year 1 $22,500 Year 2 7,500 Year 3 45,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3
- Information for Sabas Company # Shares Par Value Cumulative Preferred Stock 20,000 $100.00 1.5% Common Stock 100,000 $50.00 N/A Year 1 Year 2 Year 3 Total dividends paid $12,000.00 $18,000.00 $90,000.00 Determine the dividends for each class of stock for each year and the dividends per share for each class of stock for each year. Description Year 1 Year 2 Year 3 Total Distribution Preferred Stock Common Stock Preferred dividends in Arrears Dividends Per share Preferred Stock Common StockDividend Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $187,500 Year 2 60,000 Year 3 225,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank. Year 1 Year 2 Year 3 Preferred stock (Dividend per share) 5. Common stock (Dividend per share) %24 %24Question Content Area Weighted Average Shares At the beginning of 2019, Hardin Company had 370,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 40,000 shares of stock at $20 per share. June 1 Issued a 20% stock dividend. July 1 Issued 8,000 shares of stock at $25 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 84,000 shares as treasury stock at a cost of $28 per share. Nov. 30 Reissued 50,000 treasury shares at a price of $31 per share. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim…
