
Dividends:
It is the amount of profit that is distributed among shareholders of the company. It can be distributed in two ways, one is cash dividend and other is stock dividend.
It is the type of stock that company keeps with itself either by not issuing the shares or by buying back of shares.
Common Stock:
It shows the total amount of money that the owner has in this business. Owner use their right of being owner by voting for important matters in the general meetings of the company.
Preferred stock is a sort of stockholder’s capital which has special right as comparison to equity to shareholder, like fixed dividend and preferential treatment in event of liquidation and payment of dividend.
1.
To identify: Number of common stock issued and outstanding at 2015 and 2014 and explain its comparison with weighted average common stock of 2015 and 2014.
2.
To identify: Book value of entire common stock.
3.
To identify: Cash dividend to common stock in 2015 and 2014.
4.
To identify: Basic earnings per share of fiscal year 2015, 2014 and 2013 and explain any notable changes.
5.
To identify: Number of shares in treasury stocks in 2015 and 2014.
6.
To identify: Number of common shares outstanding and common shares cash dividend increased since that date.

Want to see the full answer?
Check out a sample textbook solution
Chapter 11 Solutions
FINANCIAL ACCT.FUND.(LOOSELEAF)
- Boss corporation provides the following data from its 2022 financial statementsarrow_forwardABC general accountingarrow_forwardCarter Company disposed of an asset at the end of the eighth year of its estimated life for $16,000 cash. The asset's life was originally estimated to be 10 years. The original cost was $85,000 with an estimated residual value of $8,500. The asset was being depreciated using the straight-line method. What was the gain or loss on the disposal? Questionarrow_forward
- Toones Industries is planning to sell 1,050 boxes of porcelain tiles, with production estimated at 1,020 boxes during June. Each box of tile requires 38 pounds of clay compound and 0.3 hours of direct labor. Clay compound costs $0.45 per pound, and employees of the company are paid $13.50 per hour. Manufacturing overhead is applied at a rate of 105% of direct labor costs. Toones has 4,200 pounds of clay compound in beginning inventory and wants to have 4,900 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month?helparrow_forwardCarter Company disposed of an asset at the end of the eighth year of its estimated life for $16,000 cash. The asset's life was originally estimated to be 10 years. The original cost was $85,000 with an estimated residual value of $8,500. The asset was being depreciated using the straight-line method. What was the gain or loss on the disposal?arrow_forwardSubject: general accountingarrow_forward
- Financial AccountingAccountingISBN:9781305088436Author:Carl Warren, Jim Reeve, Jonathan DuchacPublisher:Cengage LearningCornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage LearningIntermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage Learning
- Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage Learning



