The shareholders’ equity of ILP Industries includes the items
shown below. The board of directors of...
The shareholders’ equity of ILP Industries includes the items
shown below. The board of directors of ILP declared cash dividends
of $10 million, $15 million, and $120 million in its first three
years of operation—2018, 2019, and 2020, respectively.
(In Millions)
Common stock $100
Paid-in capital—excess of par, common 800
Preferred stock, 8% 200
Paid-in capital—excess of par, preferred 520
Determine the amount of dividends to be paid to preferred and
common shareholders in each of the three years, assuming...
The shareholders’ equity of ILP Industries includes the items
shown below. The board of directors of...
The shareholders’ equity of ILP Industries includes the items
shown below. The board of directors of ILP declared cash dividends
of $6 million, $16 million, and $190 million in its first three
years of operation—2021, 2022, and 2023, respectively.
($ in millions)
Common stock
$
140
Paid-in capital—excess of par, common
960
Preferred stock, 5%
280
Paid-in capital—excess of par, preferred
680
Required:
Determine the amount of dividends to be paid to preferred and
common shareholders in each of the...
The shareholders’ equity of Kramer Industries includes the data
shown below. During 2019, cash dividends of...
The shareholders’ equity of Kramer Industries includes the data
shown below. During 2019, cash dividends of $220 million were
declared. Dividends were not declared in 2017 or 2018.
($
in millions)
Common stock
$
260
Paid-in capital—excess of par,
common
1,040
Preferred stock, 10%,
nonparticipating
130
Paid-in capital—excess of par,
preferred
390
Required:
Determine the amount of dividends payable to preferred shareholders
and to common shareholders under each of the following two
assumptions regarding the characteristics of the preferred stock....
The shareholders equity of Kramer Industries includes the data
shown below. During 2022, cash dividends of...
The shareholders equity of Kramer Industries includes the data
shown below. During 2022, cash dividends of $150 million were
declared. Dividends were not declared in 2020 or 2021.
Common Stock $200
Paid-in Capital-excess of par, common 800
Preferred stock, 10%, nonparticipating 100
Paid-in capital-excess of par, preferred 270
Required:
Determine the amount of dividends payable to preferred
shareholders and to common shareholders under each of the following
two assumptions regarding the characteristics of the preferred
stock. Show JE's at declaration...
Record the journal entries for the following
facts:
500 shares of common stock outstanding.
600 shares...
Record the journal entries for the following
facts:
500 shares of common stock outstanding.
600 shares of $100 six percent cumulative preferred stock have
been outstanding since 2016.
800 shares of $100 seven percent non-cumulative preferred stock
have been outstanding since 2010.
The cumulative preferred stock is subordinate to the
non-cumulative preferred stock.
The common shareholders received a dividend in 2017.
Dividends in 2018 were $5,000.
Dividends declared by the board of directors were $16,000 in
2019.
The dividends were...
The shareholders’ equity of Core Technologies Company on June
30, 2017, included the following:
Common stock,...
The shareholders’ equity of Core Technologies Company on June
30, 2017, included the following:
Common stock, $1
par; authorized, 5 million shares;
issued and outstanding, 2 million shares
$
2,000,000
Paid-in capital—excess of
par
8,000,000
Retained earnings
14,000,000
On April 1, 2018, the board of directors of Core Technologies
declared a 10% stock dividend on common shares, to be distributed
on June 1. The market price of Core Technologies’ common stock was
$32 on April 1, 2018, and $42 on...
The shareholders' equity of Ava Company on January 1, 2017,
included the following:
Common stock, $0.5...
The shareholders' equity of Ava Company on January 1, 2017,
included the following:
Common stock, $0.5 par; authorized, 800,000 shares;
You will need to calculate the issued shared
$252,506
Paid-in capital—excess of par
65,844
Retained earnings
$500,000
On April 1, 2017, the board of directors of Ava declared a 7%
stock dividend on common shares, to be distributed on June 1. The
market price of Ava’s common stock was $10 on April 1, 2016, and
$16 on June 1, 2016....
Bramble Corp. has 11000 shares of 5%, $100 par value, cumulative
preferred stock and 22000 shares...
Bramble Corp. has 11000 shares of 5%, $100 par value, cumulative
preferred stock and 22000 shares of $1 par value common stock
outstanding at December 31, 2017. There were no dividends declared
in 2015. The board of directors declares and pays a $99000 dividend
in 2016 and in 2017. What is the amount of dividends received by
the common stockholders in 2017?
$33000.
$0.
$44000.
$5500
1,400,000 shares of no-par common stock were authorized;
327,000 shares were issued on January 1, 2016,...
1,400,000 shares of no-par common stock were authorized;
327,000 shares were issued on January 1, 2016, at $30 per
share.
426,000 shares of $90 par value, 10.00% cumulative, preferred
stock were authorized, and 130,000 shares were issued on January 1,
2016, at $133 per share.
Net income for the years ended December 31, 2016, 2017, and
2018, was $4,680,000, $7,040,000, and $9,160,000,
respectively.
No dividends were declared or paid during 2016 or 2017.
However, on December 17, 2018, the board...
Common and Preferred Cash Dividends
Wang Company currently has 200,000 shares of $1 par common stock...
Common and Preferred Cash Dividends
Wang Company currently has 200,000 shares of $1 par common stock
outstanding and 2,900 shares of $50 par preferred stock
outstanding. On July 10, the board of directors declared a
semiannual dividend of $0.33 per share on common stock to
shareholders of record on August 1, payable on August 5.
On July 15, the board of directors declared a semiannual
dividend of $4 per share on preferred stock to shareholders of
record on August 5,...