D4. Winter Company paid dividends of P250,000 and P350,000 at theend of 2014 and 2015, respectively. the corporation has not paidany other dividends since its organization on January 2, 2013. Theoutstanding shares are 20,000 12% preferred shares, P100 parand 30,000 ordinary shares P10 par.If the preferred share is non-cumulative, how much cash dividendswould ordinary shares receive in 2014?

Non cumulative preferred stock :— It is one of the type of preference shares in which it is not…

Answered: Winter Company paid dividends of…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

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3. What is the amount debited to accumulated profits as a result of the 2016 cash dividend declaration?
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(see attached image, kindly answer it based on your knowledge, thank you!)
How much is the dividends available to ordinary shareholders?
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Hello, A company did not pay dividends in 2015 or 2016, even though 46,300 shares of its 8.4%, $90 par value cumulative preferred stock were outstanding during those years. The company has 294,000 shares of $2 par value common stock outstanding. Calculate the amount that would be received by an investor who has owned 260 shares of preferred stock and 300 shares of common stock since 2014 if a $.60 per share dividend on the common stock is paid at the end of 2017. (do not round intermediate calculations). Total dividends received = _______ Thank you.

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