Garda World Security Corporation has the following shares, taken
from the equity section of its balance...
Garda World Security Corporation has the following shares, taken
from the equity section of its balance sheet dated December 31,
2020.
Preferred shares, $4.54 non-cumulative,
51,000 shares authorized and issued*
$
3,264,000
Common shares,
86,000 shares authorized and issued*
1,376,000
*All shares were issued during 2018.
During its first three years of operations, Garda World Security
Corporation declared and paid total dividends as shown in the last
column of the following schedule.
Required:
Part A
1. Calculate the total dividends...
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....
Katie Corporation, based in Liverpool, has 20,000 preferred
shares outstanding of no par value $2 dividend...
Katie Corporation, based in Liverpool, has 20,000 preferred
shares outstanding of no par value $2 dividend and 40,000 common
shares outstanding of no par value.
In its first years of operation, the company paid the following
dividends:
2010 .............$0
2011 .............$46,000
2012 ............. $78,000
2013 ............. $0
2014 ............. $82,000
Calculate the dividends paid to preferred and common shareholders
in each of the five years under the following three independent
situations:
a. Preferred shares are noncumulative and nonparticipating.
b. Preferred...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares
issued.
82,500
common stock, $0.30 par, 1,200,000 shares authorized and
issued
360,000
paid-in-capital in excess of par-common
400,000
Total paid in capital
842,500
Retained Earning
260,000
Total stockholder's Equity
1,102,500
Requirements:
Is Partlow’s preferred stock cumulative or noncumulative? How
can you tell?
Partlow declares cash dividends of $30,000 for 2010. How much
of the dividends goes to preferred. How much goes to common?
Partlow...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares
issued.
82,500
common stock, $0.30 par, 1,200,000 shares authorized and
issued
360,000
paid-in-capital in excess of par-common
400,000
Total paid in capital
842,500
Retained Earning
260,000
Total stockholder's Equity
1,102,500
Requirements:
Is Partlow’s preferred stock cumulative or noncumulative? How
can you tell?
Partlow declares cash dividends of $30,000 for 2010. How much
of the dividends goes to preferred. How much goes to common?
Partlow...
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...
The following elements of shareholder’s equity are adapted
from the balance sheet of Highest Manufacturing Ltd.:...
The following elements of shareholder’s equity are adapted
from the balance sheet of Highest Manufacturing Ltd.:
Shareholder’s Equity
Preferred shares, $1.25 cumulative,
100,000 shares authorized, 18,000 shares issued and
outstanding $150,000
Common shares, 200,000 shares authorized, 60,000 shares
issued
and outstanding 400,000
The company has paid all dividends through 2015
Required
Compute the dividends paid to preferred shareholders and to
common shareholders for 2018 and 2019 if total dividends declared
are $80,000 in 2018 and $30,000 in 2019. Round your...
A portion of the stockholders’ equity section from the balance
sheet of Walland Corporation appears as...
A portion of the stockholders’ equity section from the balance
sheet of Walland Corporation appears as follows.
Stockholders' equity:
Preferred stock, 9% cumulative, $50 par, 35,000 shares authorized,
issued, and
outstanding
$
1,750,000
Preferred stock, 12% noncumulative, $100 par, 5,300 shares
authorized, issued, and
outstanding
530,000
Common stock, $5 par, 460,000 shares authorized, issued, and
outstanding
2,300,000
Total paid-in capital
$
4,580,000
Assume that all the stock was issued on January 1, Year 1 and that
no dividends were paid...
Trainor Corporation was organized on January 1, 2014. During its
first year, the corporation issued 20,000...
Trainor Corporation was organized on January 1, 2014. During its
first year, the corporation issued 20,000 preferred shares with a
$0.30 dividend entitlement and 200,000 common shares, both at $1
per share. At December 31, the corporation’s year end, Trainor
declared the following cash dividends:
Preferred
shares
Common Shares
2014
$0.25 per
share
$0.00
2015
as required by
terms
$0.05 per share
2016
as required by
terms
$0.15 per share
Instructions
a. Calculate the
total dividends...
Raphael Corporation’s balance sheet shows the following
stockholders’ equity section.
Preferred stock—5% cumulative, $___ par value,...
Raphael Corporation’s balance sheet shows the following
stockholders’ equity section.
Preferred stock—5% cumulative, $___ par value, 1,000
shares
authorized, issued, and outstanding
$
50,000
Common stock—$___ par value, 4,000 shares authorized,
issued,
and outstanding
100,000
Retained earnings
370,000
Total stockholders' equity
$
520,000
1. What are the par values of the corporation’s
preferred stock and its common stock?
Par Value
Corporation's preferred stock
Corporation's common
stock
2. If no dividends are in arrears at the
current date, what is the...