The following is the shareholders’ equity section of Ayayai
Corp. at December 31, 2020:
Preferred shares,a...
The following is the shareholders’ equity section of Ayayai
Corp. at December 31, 2020:
Preferred shares,a authorized 100,000 shares; issued
33,000 shares
$
1,155,000
Common shares (unlimited authorized, 51,000 issued)
1,275,000
Contributed surplus
107,000
Total paid-in capital
2,537,000
Retained earnings
2,962,600
Total shareholders’ equity
$
5,499,600
a The preferred shares have a $2 dividend rate, are
cumulative, and participate in distributions in excess of a $3
dividend on the common shares.
Q. No dividends were paid in 2018 or 2019....
The shareholders equity section of Yessir corporation at
December 31, 2020 included the following:
$6 preferred...
The shareholders equity section of Yessir corporation at
December 31, 2020 included the following:
$6 preferred shares cumulative, 10,000 shares authorized 8,000
shares
issued
$800,000
Common shares, 250,000 shares authorized, 200,000 shares issued
$2,000,000
Dividends were not declared on the preferred shares in
2020 and are in arrears.
On September 15, 2021, the board of directors of yessir
corporation declared on the preferred shares for 2020 and 2021, to
shareholders of record on October 1, 2021, payable on October
15,2021...
Starting balance: $2 preferred shares, non-cumulative, unlimited
number : 0
Issued 20,000 preferred shares for $50...
Starting balance: $2 preferred shares, non-cumulative, unlimited
number : 0
Issued 20,000 preferred shares for $50 per share on Jan 2. On
March 10 declared quaterly cash dividend to preferred shareholders
of record March 22, payable on April 2.
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At January 1, AAA Corporation had the following shareholders'
equity:
Share capital
$1 Preferred shares, noncumulative...
At January 1, AAA Corporation had the following shareholders'
equity:
Share capital
$1 Preferred shares, noncumulative
25,000 shares authorized, 8,000 shares issued
$160,000
Common Shares, 1,000,000 shares authorized
50,000 shares issued
750,000
910,000
Retained Earnings
425,000
Total Shareholders' Equity $1,335,000
On March 12, when the preferred shares have a market value of
$19, the bond of directors declared and paid a 10% preferred stock
dividend. On July 31, the board declared a 2-for-1 stock split on
the common shares. During...
Angie’s Antiques Inc. is authorized to issue 100,000 shares of
$100 par value, 5% cumulative preferred...
Angie’s Antiques Inc. is authorized to issue 100,000 shares of
$100 par value, 5% cumulative preferred stocked and 100,000 shares
of $1 par value common stock. See the following transactions that
occurred during the year:
Jan 18: Issued for cash 30,000 shares of common stock at $10 per
share.
Feb 14: Issued 4,000 shares of preferred stock for $400,000.
Sept 20: Declared dividends on preferred stock of $5 per share.
Dec 18: Paid cash dividend declared...
Permabilt Corp. was incorporated on January 1, 2019, and issued
the following stock for cash: 2,000,000...
Permabilt Corp. was incorporated on January 1, 2019, and issued
the following stock for cash: 2,000,000 shares of no-par common
stock were authorized; 750,000 shares were issued on January 1,
2019, at $35 per share. 800,000 shares of $100 par value, 7.5%
cumulative, preferred stock were authorized; 540,000 shares were
issued on January 1, 2019, at $105 per share. No dividends were
declared or paid during 2019 or 2020. However, on December 22,
2021, the board of directors of Permabilt...
Preferred shares,a authorized 100,000 shares; issued 33,000
shares $ 1,155,000
Common shares (unlimited authorized, 51,000 issued)...
Preferred shares,a authorized 100,000 shares; issued 33,000
shares $ 1,155,000
Common shares (unlimited authorized, 51,000 issued)
1,275,000
Contributed surplus 107,000
Total paid-in capital 2,537,000
Retained earnings 2,962,600
Total shareholders’ equity $ 5,499,600
a The preferred shares have a $2 dividend rate, are cumulative,
and participate in distributions in excess of a $3 dividend on the
common shares. Q. No dividends were paid in 2018 or 2019. On
December 31, 2020, Ayayai wants to pay a cash dividend of $5 per...
bandara gold inc. equity section on oct 31 2020
balance sheet showed following informtaion
common share...
bandara gold inc. equity section on oct 31 2020
balance sheet showed following informtaion
common share unlimited shares authorized 1100000 shares issued and
outstanding $1320000
retained earnings 133000
on nov. 5 2020 bandara board of directors declared a 3:1 share
split to the shareholders of revord on jov 20 to be distrubuted on
no 29 the market prices on shares on nov. 15,20and 29were $2.25 ,
$0.75 nad $.89 redp.
prepare the required entries on nov. 15 , 20 nad...
Grant Construction Ltd. prepares its reports using IFRS. The
following information relates to its shareholders’ equity...
Grant Construction Ltd. prepares its reports using IFRS. The
following information relates to its shareholders’ equity on
January 1, 2021, the first day of its fiscal year.
$0.50-noncumulative preferred shares, unlimited number of
shares authorized, 100,000 shares issued
1,200,000
Common shares, unlimited number of shares authorized, 1,200,000
shares issued
3,696,200
Contributed surplus—reacquisition of common shares
14,200
Retained earnings
7,100,000
Accumulated other comprehensive income
(453,000)
During 2021, there were the following transactions related to
shares.
1.
On May 15, 2021, Grant...
please show all steps
AAA Company has the following shares issued and outstanding:
2000 Preferred shares,...
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AAA Company has the following shares issued and outstanding:
2000 Preferred shares, $10, cumulative 40000 Common shares
Dividends were not paid to the preferred shareholders in the
previous three years. In the current year, the Board of Directors
declared a $92,000 cash dividend.
REQUIRED: Determine the total dividends paid to each class of
shares
REQUIRED: Determine the total dividends paid to each class and
the dividend per share to both common and preferred
shareholders.