Required information [The following information applies to the questions displayed below.] Year 1 Year 2 Green Planet Corporation has 4,300 shares of noncumulative 14% preferred stock with a $2 par value and 17,100 shares o common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Noncumulative Preferred $ 870 $ Common $ 870 1,710 0

Required information [The following information applies to the questions displayed below.] Year 1 Year 2 Green Planet Corporation has 4,300 shares of noncumulative 14% preferred stock with a $2 par value and 17,100 shares o common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Noncumulative Preferred $ 870 $ Common $ 870 1,710 0

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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Earnings per ShareLucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 16,000 additional common shares were issued, and another 32,000 common shares were issued on August 1. The company had net income for the year of $570,000. Calculate the earnings per share of common stock. Round to two decimal points.Earnings per Share $Answer
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Reporting Stockholder’s EquityBooner Company began business this year and immediately sold 600.000 common shares for $18,000,000 cash and paid $1,000,000 in common dividends. At midyear, the firm brought back some of its own shapes. The company reports the following additional information at year end: Net Income $5,000,000Common stock at par $6,000,000Retained earnings beginning of the year $0Common shares authorized $1,000,000Common shares outstanding $ 550,000 d. Determine the retained earnings amount at the end of the year. e. How many shares of stock are in the treasury at the end of the year? f. Compute the BEPS?
2. What is the total dollar amount for each of the four cash dividends?
Subject: accounting
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Problem 2. On January 1 Weiss Corporation had 75,000 shares of $0.5 par value common stock issued and outstanding. During the year, the following transactions occurred. Apr. 1 Issued 8,000 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. July 10 Dec. 1 Issued 4,000 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31. Instructions (a) Prepare the entries for the above transactions. (b) How are dividends and dividends payable reported in the financial statements prepared at December 31?
[The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 60,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 170,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ $10,700 20,500 290,000 440,000 Dividend Rate 10,700 20,500 290,000 440,000 761,200 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend
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