There shall be created 100,000 shares of preferred stock, par
value $100 per share, of the...
There shall be created 100,000 shares of preferred stock, par
value $100 per share, of the Company authorized to be issued
pursuant to the Certificate of Incorporation designated as the
“5.00% Cumulative Preferred Stock,” par value $100 per share (the
“Preferred Stock”). The holders of shares of the outstanding
Preferred Stock shall be entitled, when, as and if declared by the
Board of Directors out of funds of the Company legally available
therefor, to receive cumulative dividends at the rate...
Stockholders'
Equity:
5.5% preferred stock, $50 par
value, callable at $101 per share,
1200 shares
authorized………………..…..…………………….…….………….…………..…………….……………………......
Stockholders'
Equity:
5.5% preferred stock, $50 par
value, callable at $101 per share,
1200 shares
authorized………………..…..…………………….…….………….…………..…………….……………………...
$40,000
Common Stock, $1.5 par
value, 200000 shares
authorized……………………….....………………………………………………..…
216,000
Additional paid-in
capital:
Preferred
Stock…………………………...…………………….……...…………………………………………..
######
Common
Stock……………………………………………………….…………………..……….….…………………..
######
318,000
Retained
Earnings…………………………………………………...……...…………………………………………………………..
226,800
Total
stockholders' equity
$800,800
Questions:
How many shares of preferred stock
have been issued?
What is the total annual dividend
requirement on the outstanding preferred stock?
How many shares of common stock
have been isued?
What is the...
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...
Preferred stock— $25 par value, 10,000 shares authorized, 5,200
shares issued and outstanding
$
130,000
Common...
Preferred stock— $25 par value, 10,000 shares authorized, 5,200
shares issued and outstanding
$
130,000
Common stock—$10 par value, 100,000 shares authorized, 80,000
shares issued and outstanding
800,000
Total paid-in capital
$
930,000
Retained earnings
550,000
Total stockholders’ equity
$
1,480,000
The number of issued and outstanding shares of both preferred and
common stock have been the same for the last two years. Dividends
on preferred stock are 8 percent of par value and have been paid
each year the...
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
Cash
Dividends
Kerry Company has 1,200 shares
of $100 par value, 7% preferred stock and 11,600...
Cash
Dividends
Kerry Company has 1,200 shares
of $100 par value, 7% preferred stock and 11,600 shares of $10 par
value common stock outstanding. The preferred stock is cumulative
and nonparticipating. Dividends were paid in 2013. Since 2013,
Kerry has declared and paid dividends as follows:
2014
$0
2015
9,200
2016
19,800
2017
24,800
1. Determine the amount of the
dividends to be allocated to preferred and common stockholders for
each year 2015 to 2017. If an amount is zero,...
Apple Inc. was incorporated in January 2016 and has 30,000
shares of $10 par value, 15%,...
Apple Inc. was incorporated in January 2016 and has 30,000
shares of $10 par value, 15%, preferred stock outstanding; and
150,000 shares of $5 par value common stock outstanding. Apple has
declared and paid cash dividends each year as shown below.
Calculate the total dividends distributed to each class of
stockholders under each of the assumptions given.
Assuming Preferred Stock
Is Cumulative
Assuming Preferred Stock
Is Non-cumulative
Year
Cash Dividends
Declared and Paid
Preferred Dividend
Common Dividend
Preferred Dividend...
Question 6
Aim, Inc., has 10,000 shares of 5%, $100 par value,
noncumulative preferred stock and...
Question 6
Aim, Inc., has 10,000 shares of 5%, $100 par value,
noncumulative preferred stock and 40,000 shares of $1 par value
common stock outstanding at December 31, 2013. There were no
dividends declared in 2012. The board of directors declares and
pays a $120,000 dividend in 2013. What is the amount of dividends
received by the common stockholders in 2013?
A.
$20,000
B.
$50,000
C.
$70,000
D.
$0
The following
information pertains to Parsons Co.:
Preferred stock, cumulative:
Par per
share &n
The following
information pertains to Parsons Co.:
Preferred stock, cumulative:
Par per
share
$100
Dividend
rate
8%
Shares
outstanding
10,000
Dividends in
arrears
none
Common stock:
Par per
share
$10
Shares
issued
120,000
Dividends paid per
share
$2.70
Market price per
share
$48.00
Additional paid-in
capital
$400,000
Unappropriated retained earnings
(after
closing)
$270,000
Retained earnings appropriated for
contingencies
$300,000
Common treasury stock:
Number of
shares ...