Question

41 Curtain Co. paid dividends of $2,000; $4,000; and $5,000 during Year 1, Year 2, and...

41 Curtain Co. paid dividends of $2,000; $4,000; and $5,000 during Year 1, Year 2, and Year 3, respectively. The company had 800 shares of 4.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be:

a. 3200

b. 1400

c. 1200

d. 2000

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Curtain Co. paid dividends of $7000, $12,000, and $12,000 during Year 1, Year 2, and Year...
Curtain Co. paid dividends of $7000, $12,000, and $12,000 during Year 1, Year 2, and Year 3, respectively. The company had 2000 shares of 5.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3? Group of answer choices $5000 $3000 $10,000 $1000
Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year...
Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,700 shares of 3.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. The company also had 5,000 shares of $1 par value common stock outstanding. What is the total amount of dividends paid to common shareholders during Year 3?
Lopez, Inc. has 2,000 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares...
Lopez, Inc. has 2,000 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $3,000 dividend in 2019. In 2020, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020? Group of answer choices a. Preferred stockholders get $4,000 and Common stockholders get $11,000 b....
1- Packers Inc. had 8%, $1 par value cumulative preferred stock. Dividends are paid semi-annually, and...
1- Packers Inc. had 8%, $1 par value cumulative preferred stock. Dividends are paid semi-annually, and there are 800,000 shares authorized, 700,000 shares issued and outstanding.    a.   Calculate the dividend payout for the full year. b.   Calculate the semi-annual dividend payout. c.   If dividends were not paid out for the previous 2 years,    calculate the total dividend payout for this year (all 3 yrs). ------------------------------------------------------------------------------------------- 2- Rodgers Co. had 7.5%, $10 par value cumulative preferred stock. Dividends are...
Hans Corporation began operations in 20X7. Hans declared dividends of $10,000 for the year 20X7 to...
Hans Corporation began operations in 20X7. Hans declared dividends of $10,000 for the year 20X7 to be payed before year's end. Hans has outstanding 3,000 shares of $1 par value common stock and 3,000 shares of 7% $50 par value CUMULATIVE preferred stock. In 20X8, Hans declared and paid additional dividends of $15,000. No additional stock was issued. How much money was distributed to the common stock shareholders in 20X8? Group of answer choices $4,500 $5,000 $15,000 $10,000 $4,000 Humberto...
Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par...
Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and (b) 17,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common.    Year 1 total cash dividends $ 800 Year 2 total cash dividends $ 1,700
E14-2 Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued...
E14-2 Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2016, $5,000; 2017, $12,000; and 2018, $28,000. Instructions (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (b) Show the allocation of dividends to each class...
Pepper Inc. had the following transactions for the year ended 2013. During the year, Pepper Inc....
Pepper Inc. had the following transactions for the year ended 2013. During the year, Pepper Inc. Had 3,000 shares of $1 par value common stock issued and outstanding and 2000 shares of 9% $100 par value preferred stock. Transactions during the year are listed below Date Transaction 3/1 Sold 5,000 shares of no par common stock for $20 per share. 4/20 Sold 2,000 shares of $10 par value preferred stock for $40 per share. 6/25 Reacquired 2000 shares of stock...
Alina Inc., has 4,000 shares of 5%, $50 par value, cumulative and fully participating preferred stock...
Alina Inc., has 4,000 shares of 5%, $50 par value, cumulative and fully participating preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2021, and December 31, 2020. The board of directors declared and paid an $8,000 dividend in 2020. Preferred stockholders received all the dividends for all prior years except the current year (2021). In 2021, $40,000 of dividends are declared and paid. What are the dividends received by the common stockholders in...
Monsieur Company had 80,000 shares of common stock outstanding during 2020 and 2,000 shares of cumulative...
Monsieur Company had 80,000 shares of common stock outstanding during 2020 and 2,000 shares of cumulative 6%, $100 par preferred stock, each convertible into 5 shares of common stock with  $1 par value per share. The company’s tax rate is 25%. During 2020, Monsieur Company declared and paid $5,000 in preferred dividends and no common stock dividends. Monsieur Company reported net income of $318,000 in 2020. Compute basic and diluted EPS for 2020.                Basic EPS     Diluted EPS   $3.83             $3.40    $3.91            $3.53...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT