Your Corporation had 60,000 shares of $5par value common stock authorized,40,000 shares issued and 30,000 sharesoutstanding, when the board of directorsdeclared a cash dividend of $2.60 pershare. What is the dollar amount of thecash dividend?

Cash dividend is the amount of money paid by the entity in the form of return to the shareholders of…

Answered: Your Corporation had 60,000 shares of…

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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[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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The board of directors of Mountain Hotels has declared a dividend of $1,700,000. The company has 100,000 shares of preferred stock that pay $1.30 per share and 1,350,000 shares of common stock. After first finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock (in $). (Round your answer to the nearest cent.) 2$
Following is the shareholders' equity section of the balance sheet of the Optimum Corporation: Share capital: Common shares, 100,000 shares authorized, 65,000 shares issued $650,000 Total share capital $650,000 Retained earnings 349,000 Total shareholders' equity $999,000 The common shares are currently selling for $15.50 per share. The balance in the Common Shares account after the distribution of a 15% common stock dividend is: O $650,00g $747,500 O $801,125 $1,150,125
Your Corporation had 40,000 shares of $2 par value common stock authorized 30,000 shares issued and 20,000 shares outstanding, when the board of directors. declared a cash dividend of $3.50 per share. What is the dollar amount of the cash dividend?
Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 250,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $2,120,000 of assets. $280,000 liabilities, $540,000 of common stock, and $1,300,000 of retained earnings. Further, assume that the market value of EEI's common stock is $10 per share. Required
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A corporation has total assets of $85 million and total liabilities of$5 million. If the corporation has 4 million shares of common stockoutstanding, what is the book value per share of common stock?
Cleveland Corporation has 100,000 shares of common stock outstanding. The company's net income is $1,400,000 and its P/E is 16. What is the company's stock price? Round it to a whole dollar.

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Your Corporation had 60,000 shares of $5 par value common stock authorized, 40,000 shares issued and 30,000 shares outstanding, when the board of directors declared a cash dividend of $2.60 per share. What is the dollar amount of the cash dividend?