Question

521. Car company has issues 75,000 of $1 par, 6% cumulative preffered stock. preferred dividends are...

521. Car company has issues 75,000 of $1 par, 6% cumulative preffered stock. preferred dividends are 3 years in arrears. Car company has 200,000 shares of $0.50 par common stock issued and 50,000 shares of treasury stock. Total dividends declared in currebt year are $240,000. what is dividend per share the common stockholders will receive ?
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
Kirchner Company has 50,000 shares of $10 par value, 6% preferred stock and 300,000 shares of...
Kirchner Company has 50,000 shares of $10 par value, 6% preferred stock and 300,000 shares of $1 par value common stock outstanding. As of December 31, 2018, it had $900,000 of Retained earnings. On December 31, 2019, the Board of Directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared in 2017 and 2018 and no dividends were in arrears prior to 2017. The company is considering the following options. Option...
Brazee Company has the following paid-in capital: Preferred stock, 6%, $5 par value, 100,000 shares authorized,...
Brazee Company has the following paid-in capital: Preferred stock, 6%, $5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $2,000,000 Common stock, $9 par value, 300,000 shares authorized, 220,000 shares issued and outstanding $1,980,000 If the company pays a $70,000 dividend, and the preferred stock is cumulative and two years' dividends are in arrears, what is the amount the common stockholders will receive? Multiple Choice: A) $34,000 B) $46,000 C) $58,000 D) $70,000
Question 2 Rachel’s Designs has 1,700 shares of 5%, $50 par value cumulative preferred stock issued...
Question 2 Rachel’s Designs has 1,700 shares of 5%, $50 par value cumulative preferred stock issued at the beginning of 2016. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016 or 2017. The company plans to pay total dividends of $14,000 in 2018. How much of the $14,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends for 2018...
TFlounder Corporation has outstanding 9,300 shares of $100 par value, 6% preferred stock and 62,300 shares...
TFlounder Corporation has outstanding 9,300 shares of $100 par value, 6% preferred stock and 62,300 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Flounder declares a cash dividend of $328,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive $enter a dollar amount How much dividend will the common stockholders receive? Common...
Corrao Foods Corporation has 5000 shares of 7%, $15 par value, cumulative preferred stock on December...
Corrao Foods Corporation has 5000 shares of 7%, $15 par value, cumulative preferred stock on December 31, 2019and 150,000 shares of $1 par value common stock outstanding on December 31, 2020. In 2019, a $2000 dividend was declared and paid. In 2020, $33,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020 (assuming no dividends in arrears prior to 2019)? Show calculations. Required: Show calculations
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....
PLEASE ANSWER FULLY! THANK YOU As of January 2016,  Magna Refrigeration Co has 6% Preferred stock, $100...
PLEASE ANSWER FULLY! THANK YOU As of January 2016,  Magna Refrigeration Co has 6% Preferred stock, $100 par value 10,000 shares  issued and outstanding; Common stock, $5 par value, 100,000 shares  issued and outstanding.(50 points) The following dividends  were declared and paid  in 2016, 2017 and 2018 2015 No dividends were declared and paid ·         2016 $15,000 ·         2017 $40,000 ·         2018 $110,000 a)    Assuming the preferred stock were non-cumulative, how much dividends did preferred and common stockholders receive for each year dividends were declared.  ...
1.Vision Corporation has the following information on its financial statement: Preferred Stock 6%, $100 par, cumulative,...
1.Vision Corporation has the following information on its financial statement: Preferred Stock 6%, $100 par, cumulative, 10,000 shares authorized $ 450,000 Common stock, $3 par, 500,000 shares authorized, 240,000 issued 720,000 Paid-in capital - Preferred 750,000 Paid-in capital - Common 3,000,000 Retained earnings 1,192,500 If Vision paid a total of $55,800 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears.) Multiple Choice $0.18 per share $0.24 per...
Sheffield Corporation’s December 31, 2018 balance sheet showed the following: 7% preferred stock, $20 par value,...
Sheffield Corporation’s December 31, 2018 balance sheet showed the following: 7% preferred stock, $20 par value, cumulative, 14600 shares authorized; 9600 shares issued $ 192000 Common stock, $10 par value, 1010000 shares authorized; 985000 shares issued, 970000 shares outstanding 9850000 Paid-in capital in excess of par—preferred stock 28500 Paid-in capital in excess of par—common stock 11630000 Retained earnings 3760000 Treasury stock (15000 shares) 315000 Sheffield’s total paid-in capital was    A. $22015500.    B. $11750500.    C. $21385500.    D....
Inc. has 1,000, 000 shares with Dividends $3.20 cumulative Preferred Stocks and 4,000,000 Common Stock Shares...
Inc. has 1,000, 000 shares with Dividends $3.20 cumulative Preferred Stocks and 4,000,000 Common Stock Shares . After 1 year in arrears, Inc. declared $8,200,000 in dividends. What is the preferred stock dividend per share ? What is the common stock dividend per share?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT