Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
Chapter 15, Problem 11C
1.
To determine
Identify the number of preferred shares were authorized and issues at the end of 2017.
2.
To determine
Identify the number of preferred shares were authorized and issues at the end of 2017 and identify the par value per share.
3.
To determine
Identify the term the company used for its additional paid in capital and state the amount at the end of 2017.
4.
To determine
Identify the number of treasury stock held by the company at the end of 2017 and state the average cost per share.
5.
To determine
Identify the number of shares that company reacquire in 2017 and state the average cost per share.
6.
To determine
Describe the Company’s 2014 equity plan. Identify the weighted average fair value of the share options the company granted in 2017. State the stock based compensation of company for 2017 and where it was reported. Identify the number of share options were granted and exercised in 2017, and identify the number of outstanding options at the end of 2017. State the weighted average price per share were the options exercised in 2017.
In standard costing,
a. the standards are developed only for overhead costs.
b. the standards are developed primarily from past costs.
c. comparisons with actual costs usually are not performed.
d. debit and credit entries to inventory accounts are made at standard
costs.