[The following information applies to the questions displayed below] Year I total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20,000 28,000 200,000 350,000 Exercise 11-12 (Static) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200.000 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 (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 S $ 20.000 28 000 200,000 350,000 598.000 Dividend Rate Paid to Preferred Dividend per Number of Preferred Share Preferred Shares Paid to Common Dividends in Arrears at year end Preferred Dividend

[The following information applies to the questions displayed below] Year I total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 20,000 28,000 200,000 350,000 Exercise 11-12 (Static) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200.000 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 (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 S $ 20.000 28 000 200,000 350,000 598.000 Dividend Rate Paid to Preferred Dividend per Number of Preferred Share Preferred Shares Paid to Common Dividends in Arrears at year end Preferred Dividend

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5P: Alert Companys shareholders equity prior to any of the following events is as follows: The company...

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Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).
Use the following information for the Exercises below. (Algo) [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 xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 ork's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tal cash dividends: etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. ote: Round your "Dividend per Preferred Share" answer to 3 decimal places. nnual Preferred Dividend: ear 1 ear 2 ear 3 ear 4 otal: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 13,000 22,000 250,000 400,000 Dividend Rate 13,000 22,000 250,000 400,000 685,000 $ $…
Use the following information for the Exercises below. (Algo) [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 Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2 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: (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 10,700 20,500 290,000 440,000 761,200 Dividend Rate Paid to Preferred Dividend per Number of Preferred Preferred Share Shares Paid to Common Dividends in Arrears at year-end…
Required information Use the following information for the Exercises below. (Algo) [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 Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 270,000 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 $ $ $ 23,000 31,700 235,000 385,000 Dividend Rate 23,000 31,700 235,000 385,000 674,700 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares…
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! Required information [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 Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals York's outstanding stock consists of 60,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 280,000 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Total Cash Dividend Paid $ $ 13,200 22,000 13,200 22,000 240,000 390,000 665,200 240,000 390,000 Dividend Rate Paid to Preferred Dividend per Number of Preferred Share Preferred Shares Paid to Common Dividends in Arrears at year-end Preferred Dividend
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The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,070,000 shares authorized, 1,310, 000 shares issued, 1,050,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.27 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares
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