Need help with 3 and 4 3. If two years’ preferred dividends are in arrears at the current date, what is the book value per share of common stock?4. If two years’ preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $13,800, what total amount will be paid to the preferred and to the common shareholders? 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $13,800,what total amount will be paid to the preferred and to the common shareholders?Total amount paid to the preferred shareholdersTotal amount paid to the common shareholders Required information[The following information applies to the questions displayed below.]Raphael Corporation's balance sheet shows the following stockholders' equity section.Preferred stock-5% cumulative, $authorized, issued, and outstandingCommon stock-$and outstandingRetained earningspar value, 1,000 shares$460,000par value, 4,000 shares authorized, issued,80,000380,000Total stockholders' equity$ 520,0003. If two years' preferred dividends are in arrears at the current date, what is the book value per share of common stock?Book Value Per Common ShareChoose Numerator:I Choose Denominator:Book Value Per Common ShareBook value per common share

The dividend is paid to shareholders from the retained earnings. At first, preference shareholders…

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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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Need help with 3 and 4

3. If two years’ preferred dividends are in arrears at the current date, what is the book value per share of common stock?

4. If two years’ preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $13,800, what total amount will be paid to the preferred and to the common shareholders?

Required information
[The following information applies to the questions displayed below.]
Raphael Corporation's balance sheet shows the following stockholders' equity section.
Preferred stock-5% cumulative, $
authorized, issued, and outstanding
Common stock-$
and outstanding
Retained earnings
par value, 1,000 shares
$4
60,000
par value, 4,000 shares authorized, issued,
80,000
380,000
Total stockholders' equity
$ 520,000
3. If two years' preferred dividends are in arrears at the current date, what is the book value per share of common stock?
Book Value Per Common Share
Choose Numerator:
I Choose Denominator:
Book Value Per Common Share
Book value per common share

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