A company declared a $487,000 cash dividend. It currently has 6,000 shares of 6%, $100 par value cumulative preferred stock outstanding. It is 4 year in arrears on its preferred stock. How much cash will the company distribute to the common stockholders?

Q: A company bought back 57,000 shares of its own common stock at $14 per share. Four months later the…

A: Given Information: Company bought back 57,000 shares at price $14 After 4 month 20,000 shares were…

Q: ABC Company has 560,000 shares of common stock outstanding with a par value of $10. During the year,…

A: Retained earnings balance can be calculated by adding up net income and deducting dividends paid…

Q: At the beginning of the current year, Soron Corporation had 200,000 shares of $1 par common stock…

A: Retained earnings are the amount which was retained by the company after all of its expenses…

Q: Nikron Corporation issued 10,000 shares of $5 par value common stock during the year for $60 each.…

A: Total stockholders equity of the business means total amount attributable to the shareholders of the…

Q: company issues 10,000 shares of $2 par value common stock at a market price of $30 per share, which…

A: Here company issued 10000 shares at market price of $30, par value of each share is $2

Q: GROOT Corporation has 350,000 shares of ₱10 par value ordinary shares outstanding. During the year,…

A: Calculation of the decrease in retained earnings for the year::: Share Dividend…

Q: National Company's net income last year was P500,000. The company has 150,000 shares of common stock…

A: Solution..   Total preferred dividend paid  = Total preferred shares * preferred dividend per share…

Q: Crabtree Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: No. of shares issued under stock dividend = No. of shares outstanding x stock dividend rate Decrease…

Q: Disraeli Corporation has 10,000 shares of 10%, $100 par value, cumulative preferred stock…

A: Dividend to common stockholders = 50000 shares x $1.50 per share = $75,000 Dividend to Preferred…

Q: Kelley Company reports $960,000 of net Income and declares \$120,000 of cash dividends on its…

A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…

Q: Rossdale, Inc., had additions to retained earnings for the year just ended of $575,000. The firm…

A: 1.Calculate the earnings per share as follows:

Q: Reading Co. has outstanding 10,000 shares of $100 par value cumulative preferred stock, with a…

A: Annual Dividends to Preferred Shareholders = (10,000 shares*$100 per share)*7%  Annual Dividends to…

Q: On January 1, 2010, the stockholders’ equity section of Nunez Corporation shows: Common stock ($5…

A: Journal: Recording of a business transactions in a chronological order.

Q: Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: Shares outstanding = 560,000 shares Stock dividend = 15% = 560,000 * 15% = 84,000 shares Stock…

Q: total dividend payable to preferred stockholders

A: Dividend of cumulative preference stock gets accumulated every year until payment.

Q: Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%, $100 par value…

A: Annual preferred dividend = 12,000*$100*7% Annual preferred dividend = $84,000

Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of…

A: For cumulative preferred stock arrears of dividend is also payable.  Dividend payable per year to…

Q: Manego Company has retained earnings of $600,000, common stock of $700,000, and total common…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: Mann Co. has outstanding 60,000 shares of 8% preferred stock with a P10 par value and 150,000 shares…

A: Dividend distribution is known as a method of distributing profit among the stockholder of the…

Q: The Ted Williams Corporation has the following stock outstanding:               100,000 shares of…

A: Dividend :— The annual or Interim Return paid by the Company to their Preference Shareholders or…

Q: Kuhns Corp. has 200,000 shares of preferred stock outstanding that is cumulative and 100,000 common…

A: Preferred stock are those stock which are given preference over the common stock holder while…

Q: (TCO F) Written, Inc. has 300,000 outstanding shares of $2 par common stock and 60,000 shares of…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x stated value per…

Q: Belmont, Inc., has outstanding 10,000 shares of $200 par value, 7% nonparticipating, cumulative…

A: Workings:

Q: Nadal, Inc. has 280,000 shares of $5 par value common stock and 35,000 shares of $10 par value 3%,…

A: Preferred stock dividend : 1) Dividends in arrears ( two years ) = 35000 shares * $ 10 par value *…

Q: Amigo Software Inc. has total assets of $834,000, current liabilities of $155,000, and long-term…

A: A type of publicly traded security that provides ownership and voting rights to its holder is term…

Q: What will the ex-dividend price be?

A: Ex -Dividend Price = Equity/New Shares Outstanding  This is those price where dividend component is…

Q: Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: A company has 1,000 shares of $50 par value, 4.5% cumulative and nonparticipating preferred stock…

A: Paid in capital stock which was in common consist of preferred and common stock in total and it was…

Q: On January, 2009, the accounts of Mac Corporation showed the following: Common stock, par P1…

A: The stockholders' equity section of the firm includes the common share capital, preferred share…

Q: Determine how much of the dividend will be paid to the preferred and common stockholders

A: Dividend is the amount of payout per share that a company makes to its stockholders both preferred…

Q: Kaldi Company has 20.000 shares of $10 par value, 5 cumulative preferred stock and 200,000 shares of…

A: Given information: Preference shares 20,000 of $10 par value Preference dividend is 5% Common shares…

Q: A company has 1,000 shares of $100 par value, 4.5% cumulative and non- participating preferred stock…

A: Preferred stock: This is a form of ownership in which the holders would get a part of the ownership…

Q: National Company's net income last year was P500,000. The company has 150,000 shares of common stock…

A: Total preferred dividend paid = No. of preferred shares outstanding x dividend per share = 30000…

Q: how will the total dividend be divided between the common and preferred stock?   a) Preferred…

A: Dividend: Dividend can be defined as the portion of profit that is distributed to the shareholders…

Q: Jackson Enterprises has the following capital (equity) accounts: The board of directors has declared…

A: when a stock dividend is declared, it will reduce the retained earnings balance by the amount of…

Q: Empirana, Inc. earned P960,000.00 in a year. The management declared a dividend of P3.50 per share…

A: Addition to retained earnings = Net Income - Preferred Dividend - Common Stock Dividend

Q: The Phibbs Company paid total cash dividends of $200,000 on 25,000 outstanding common shares. On the…

A: In this question, we need to calculate dividend yield of the Phibbs Company with the given data. Let…

Q: Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 200,000…

A: Whenever, stock dividend is issued, additional number of shares is issued based on the current…

Q: Lenore, Inc. declared a cash dividend of $90,000 in 2021 when the following stocks were outstanding:…

A: Dividend paid to Common stockholder group = Total dividend paid - Dividend paid to Preferred…

Q: At the beginning of the year, ABC Company had a retained earnings balance of $100,000. During the…

A: Retained earnings are that portion of net income that is not distributed to the shareholders by the…

Q: An analyst has gathered the following information about a company:  110,000 shares of common…

A: The question is based on the concept of Finacial Accounting.

Q: Written, Inc. has outstanding 500,000 shares of P2 par common stock and 100,000 shares of no-par 8%…

A: A dividend is distribution of cash or stock made by corporation to its shareholders based on number…

Q: The Channing Company earmed $64,000 last year. The capital stock of the company consists of $500.000…

A: Dividend: It can be defined as the distribution of the net profits of the company to its…

Q: Written, Inc. has 300,000 outstanding shares of $2 par common stock and 60,000 shares of no-par 8%…

A: Dividends are the distribution of profits by the company to its shareholders.

Q: Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: Stock Dividend = 560000 shares x 20% stock x $30 market price = $3,360,000

Q: A bottled gas company has 200,000 common shares authorized, 400,000 common shares issued and 15,000…

A: Total Dividends Paid = (Total Shares issued - Treasury Stock)Dividend Per share Dividend Yield =…

Q: company reported earnings available to common shareholders as $4,200,000 last year. From those…

A: Cost of preferred stock is the return which the preference shareholders expect on their investments.…