A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding, par ₱100 and 10,000 ordinary shares outstanding, par ₱15. At the end of the year, dividends of ₱200,000 were declared. How much dividends were paid to preference and ordinary shareholders, respectively

Q: On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding.…

A: A stock split is a method of decrease in the market value of the stock by an increase in the number…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to its…

A: Formula: Preference dividend per year = Preference capital x Preferred rate

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Given: Charter state issuance of common stock =100000Shares originnaly issued =40000Shares…

Q: A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share.…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: If a corporation issues 6,000 shares of $5 par value common stock for 89,000 the journal entry would…

A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 6000 x $5 =…

Q: LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of…

A: Total market value of preferrence shares = No. of preferrence shares x market value per share =…

Q: A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500…

A: Formula: Total purchases = Number of shares x Each share Purchase price

Q: If a corporation issues 1,000 shares of $1 par value common stock for $12,000, the journalentry…

A: Stock: It refers to a security issued in a form of certificate. It implies the right of ownership of…

Q: The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that…

A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock.  Assume…

A: The dividend will not be paid for reacquired shares/treasury shares

Q: The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: What is the effect on the corporation's revenue of the period? What is the effect on stockholders'…

A: Treasury Stock:   Treasury stock refers to the stock that a company repurchases its own issued stock…

Q: Accounting Jennifer Corporation has issued 300,000 shares of $3 par value common stock. It is…

A: Accordi9ng to the given question, we are required to compute the company's book value per common…

Q: PAPAYA Corporation is authorized to issue ₱1,000,000 share capital dividend into 10,000 shares with…

A: solution given Number of authorized shares 10000 Par  value of shares 100 Number of…

Q: 1. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: solution : The charter of a corporation provides for the issuance of 100,000 shares of common stock.…

Q: The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume…

A: Dividends are paid on the Shares outstanding, not on shares issued. Shares outstanding = 37,231 -…

Q: The Hillside Corporation has an authorized shares of 250,000 with a par value of Php70. 100,000…

A: Share capital is considered as a part of capital which is issued by the company as shares. Shares is…

Q: A Corporation has 6,000 shares of P100 par value Ordinary Share Capital and reacquires 1,000 shares…

A: Treasury stock:                         Shares which are bought back by the company from the open…

Q: A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in…

A: The organization can raise funds for the operation by issuing common stock, preferred stock for long…

Q: If a corporation issues 6,000 shares of $5 par value common stock for $89,000, the journal entry…

A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 6000 x $5 =…

Q: What is the number of shares outstanding?

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: 3. The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the…

A: Preference share are issued by a company to raise fund. These shares carry the following two…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its…

A:

Q: Jomel Corporation has 10,000 shares of Ordinary share capital authorized, P 30 par of which 6,000…

A: Total amount charged to Retained Earnings account=Shares Outstanding×11×Face Value

Q: The shareholders’ equity accounts of a corporation on December 31, 200G show the following: 6%…

A: If Preferred shares are cumulative in nature, first arrear dividends will be settled. Also preferred…

Q: Ridgetown Corporation started the year with 50,000 common shares outstanding. On April 1st,…

A: • Weighted average number of common shares from January to March: For opening balance  = 50,000×3/12…

Q: A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding,…

A: The total dividends would be first apportioned to preference shareholders and any remaining amount…

Q: On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding.…

A: No. of shares after stock split = No. of shares before stock split x split ratio = 40000 shares  x…

Q: The board of directors of SSS Inc., have declared a dividend of P18,000,000. The company has 40,000…

A: The dividend is the return to the shareholders by the company for the investment made. Shares are…

Q: The shareholders’ equity accounts of a corporation on December 31, 200G show the following: 6%…

A: Book value per ordinary share = (Ordinary Share Capital + Retained Earnings - Preferred dividend) /…

Q: shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares…

A: Common stock is the most common type of stock that is issued by the stockholders. It qualifies…

Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…

A: Given that,  number of shares originally issued = 63000 shares number of shares reacquired = 12600

Q: A corporation has 45,000 shares of $23 par value stock outstanding. If the corporation issues a…

A: Stock split means when one share of the company will split or break into more number of shares. 3…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Formula: Shares outstanding = Shares issued - shares reacquired. Shares reacquired gets deducted…

Q: The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the…

A: Preference shares are shares of a company. Preference shares dividends are paid out to shareholders…

Q: How much was the increase (decrease) in the total Additional Paid In Capital?

A: Given in the question: Number of shares donated = 5,000 The share price at the time when those…

Q: A corporation sold 9,500 shares of its $10 par value common stock at a cash price of $11 per share.…

A: >Issuance of common stock is one of the Financing activity from which the corporation gets Cash…

Q: What is the number of shares outstanding?

A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…

Q: A corporation has 10,000 shares of 7%, $50 par preferred stock outstanding and 130,000 shares of…

A: Formula : Preferred dividend = Number of shares outstanding x Preferred dividend rate x Par value.

Q: A corporation issues common stock with a $5 stated value. Its Common Stock account has a balance of…

A: Here stated value is the Nominal value or par value at which shares are issued.  Number of shares…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Dividend is the amount of return paid to shareholders of a company.

Q: The Corporation shareholders' equity section of the Statement of Financial Position includes the…

A: Preference shares are one of the type of shares which is being issued by the company. Shares can be…

Q: The corporate charter of Benjo Corporation allows the issuance of a maximum of 2,500,000 shares of…

A: Formula: Total outstanding shares = Issued shares - reacquired shares

Q: The Board of Directors of ABC Corporation declared a dividend on March 6, 2XX1, to shareholders of…

A: According to the given question, we are required to compute the cash dividends distributed to the…

Q: A corporation has issued 50,000 shares of $100 par common stock and holds 6,000 of these shares as…

A: Dividend - Dividend is the sum of the amount of profit distributed by the company to its common…

Q: The board of durectors declared a $2 per share cash dividend on common stock and the corporation had…

A: Definition:   Cash dividends: The amount of cash provided by a corporation out of its distributable…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.