View Policies Current Attempt in Progress Sunland, Inc. has 11700 shares of 4%, $100 par value, noncumulative preferred stock and 234000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $64400 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? O $17600 O $46800 O $64400 O $0 eTextbook and Media

View Policies Current Attempt in Progress Sunland, Inc. has 11700 shares of 4%, $100 par value, noncumulative preferred stock and 234000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $64400 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? O $17600 O $46800 O $64400 O $0 eTextbook and Media

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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Weighted Average Shares At the beginning of 2019, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 44,000 shares of stock at $23 per share. June 1 Issued a 10% stock dividend. July 1 Issued 16,000 shares of stock at $28 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 83,000 shares as treasury stock at a cost of $31 per share. Nov. 30 Reissued 55,000 treasury shares at a price of $34 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. fill in the blank 2. Determine the number of common shares outstanding at December 31, 2019. fill in the blank
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Current Attempt in Progress Sunland Company acquired 22000 shares of its own common stock at $21 per share on February 5, 2020, and sold 11000 of these shares at $28 per share on August 9, 2021. The fair value of Sunland's common stock was $25 per share at December 31, 2020, and $26 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Sunland credit in 2021 to record the sale of 11000 shares? O Treasury Stock for $231000 and Retained Earnings for $77000. O Treasury Stock for $275000 and Retained Earnings for $33000. O Treasury Stock for $308000. O Treasury Stock for $231000 and Paid-in Capital from Treasury Stock for $77000.
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Current Attempt in Progress Sandhill Co. had net income for 2025 of $611000. The average number of shares outstanding for the period was 209000 shares. The average number of shares under outstanding options, at an option price of $31 per share, is 12600 shares. The average market price of the common stock during the year was $36. What should Sandhill report for diluted earnings per share for the year ended 2025? O $2.90 O $2.76 O$2.92 O $2.78
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