[The following information applies to the questions displayed below.]Year 1 total cash dividendsYear 2 total cash dividendsYear 3 total cash dividendsYear 4 total cash dividends$ 13,90023,500280,000430,000York's outstanding stock consists of 85,000 shares of cumulative 6.0% preferred stock with a $5 par value and also150,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared andpaid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)Annual Preferred Dividend:Year 1Year 2Year 3Year 4TotalsPar Value perPreferredShareTotal CashDividend Paid$$13,90023,500280,000430,000747,400Dividend RatePaid toPreferredDividend perPreferredSharePaid toCommonNumber ofPreferredSharesDividends inArrears atyear-endPreferredDividend

Dividend is the amount of return which is paid to the shareholders. It is paid to both preferred and common shares. It is a fixed percentage on preferred shares and as per profits to common shares.Formulas:

Answered: [The following information applies to…

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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Consider the following events: • 25,000 shares of preferred stock, cumulative, 5%, $40 par was issued for $60/share. • The annual cash dividend was declared and paid to the above preferred stock. • The company purchased 12,000 shares of common stock at $68 per share to be held as Treasury stock. • Interest of $32,000 was paid to bondholders. • Bonds Payable with a par value of $400,000 were retired at $432,000. Compute the net cash flow from financing activities (parentheses indicate an outflow).
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Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,000 shares have been reacquired. Common Stock, $70 par $2,730,000 Paid-In Capital in Excess of Par 123,070 Paid-In Capital from Sale of Treasury Stock 6,070 Retained Earnings 125,000 Treasury Stock 4,570
[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
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 York's outstanding stock consists of 90,000 shares of noncumulative 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share Total Cash Dividend Pald $ 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 Paid to Common. 0 $ Number of Preferred. Shares Dividends in Arrears at…
RKJ Company has provided the following information: •100,000 shares of $5 par value common stock are authorized • 70,000 shares have been issued •65,000 shares are outstanding The 70,000 shares of issued common stock were issued for $9 per share. Which of the following statements is correct? Select one: A. Treasury stock is reported at $45,000 on the balance sheet. B. Common stock is reported at $350,000 on the balance sheet. C. Additional paid-in capital is reported at $260,000 on the balance sheet. D. Common stock is reported at $630,000 on the balance sheet.
Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $37,500 Year 2 12,000 Year 3 45,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places.

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