ABC Corporation has the following information extracted from the financial statements: - Preferred stock, $20 par value, 10%, 70,000 shares issued S 1.400,000-Common stock, S10 par value, 100,000 shares issued and outstanding S 1,000,000 In 2019, The company declared and paid S80,000 of cash dividends.In 2020, The company declared and paid$300,000 of cash dividend. Required: Calculate the total cash dividends that will be distributed to preferred and common stockholders, assuming the preferred stock is cumulative.

Q: Bramble Corp. had the following information in its financial statements for the years ended 2020 and…

A: Rate of return on common stock equity = (Net income - preferred dividend) / Average Common…

Q: Bramble Corp. had the following information in its financial statements for the years ended 2020 and…

A: Rate of Return = Net income / Common stock = (97,900 - 14,300) / (100,900*10) = 8.28%

Q: Theodore Company had 168,000 of ordinary shares issued and outstanding at January 1, 2020. On…

A: Formula to be used for calculating the basic EPS: Basic EPS = ( Net income - Preferred Dividends ) /…

Q: Clemson Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5…

A:

Q: 100,000 Common stock, $10 par 500,000 Additional paid-in capital on preferred stock 20,000…

A: feb 2 dividend payable : preferred 4,000     dividend payable : common 40,000        to cash…

Q: Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie…

A: Journal Entries for 2018: Date Account title and explanation Debit Credit Nov. 1, 2018 Dividend…

Q: The shareholders’ equity of ILP Industries includes the items shown below. The board of directors of…

A: Annual Dividend to preferred stockholders = Par value of Preferred stock issued x dividend rate =…

Q: An analysis of stockholders' equity of Hang Corporation as of January 1, 2020 is as follows: Common…

A: Solution: Additional paid in capital from treasury stock = (2000*P35 - 2000*P30) - (500*P20 -…

Q: Metlock, Inc. reported the following balances at December 31, 2021: common stock $409,000, paid-in…

A: Caluclation of Retained Earnings Opening Retained Earnings - $249000 + Net Income…

Q: Presented below are the balances taken from the books of Abacus Corporation on January 1, 2020:…

A: You have posted more than one unrelated questions, so as per our policy only first question is…

Q: On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative preferred stock…

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

Q: Bonita Industries had the following information in its financial statements for the years ended 2020…

A: The payout ratio is calculated by dividing the cash dividend by the net income and multiplying by…

Q: The shareholders’ equity of ILP Industries includes the items shown below. The board of directors of…

A: The preferred shareholders receives the dividend before any dividend is paid to common stockholders.…

Q: Carlyon Company listed the following items in its December 31, 2018, financial statements:…

A: Introduction: Journal entry is an accounting entry to record every transaction takes place in an…

Q: Using the following, how many shares were outstanding? * On January 1, 2021, the statement of…

A: The maximum number of shares which can be issued by a company is referred to as the Authorized…

Q: The equity section of Gannon Oilfield Corporations balance sheet at December 31,2019 is shown below:…

A: Average price received for each issued preferred share =  Issued and Outstanding preferred capital /…

Q: Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie…

A: A  stock dividend is the payment of dividend which is done in the form of shares rather than cash.…

Q: Pluto Company began operations on January 1, 2019 with an authorized capital of 500,000 preference…

A: Contributed capital: It is the total value of shares issued during a period. The shares issued…

Q: Shilling Company reports the following information for its fiscal year-end of March 31, 2019: Common…

A: Paid-in capital in excess of par – Common = Total stockholders’ equity - Common stock - Retained…

Q: Elston Limited had the following equity accounts on January 1, 2020: Share Capital—Ordinary ($5 par)…

A: Answer -  Part 1 -  Journal Entries             Date Particulars Debit  Credit…

Q: Wendell Company provided the following pertaining to its accounting year that ended December 31,…

A: Additional paid-in capital on Common stock sold = Sale value of Common stock - Par value of Common…

Q: Red Hat Company began operations in January 2018 and reported the following results of operations…

A: Book value per common stock = (Total stockholder's equity-(liquidation value of preferred stock+…

Q: Hoseok Corporation has the following data on stock issued and outstanding at December 31, 2020: >10%…

A: Annual Dividend to Preferred shareholders = Preference Share Capital x rate of dividend = P400,000 x…

Q: As of December 31, 2021, Ameren Corp reported the following:            Cash dividends payable $…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Francis Inc. has the following stockholders' equity section in its November 30, 2019, balance sheet:…

A: Common stock: It is a kind of security that owns ownership of equity in a firm or company. Common…

Q: The shareholders' equity of Vienna Co. includes the items shown below. The board of directors of…

A: Answer

Q: The Dark Red Company, which started operations in 2018, paid dividends at the end of 2018,2019 and…

A: The participating preference shareholder is entitled for fixed preference dividend and also the…

Q: Carlyon Company listed the following items in its December 31, 2018, financial statements:…

A: Prepare journal entries to record the preceding transactions:

Q: The Red Hat Company began operations in January 2018 and reported the following results of…

A: Preference Share Capital = P 6,000,000 Dividend = 9%  Preference share outstanding = 60,000 Ordinary…

Q: ABC began operations in January 2019 and reported the following results for each of its three years…

A: Balance in retained earnings on December 31, 2020 = 2019 loss + 2020 loss + 2021 profit = -P520,000…

Q: At the end of 2019, Haley Corporation had the following equity accounts and balances: Common stock,…

A:

Q: On January 1 2018 Manama Company has 8% 80 000 shares of $10 par value, Cumulative preferred stock…

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

Q: What should be reported as total shareholders’ equity on December 31, 2020?

A: Total Shareholders' equity computation includes: a) Outstanding shares  b) additional paid up…

Q: The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares,…

A: 1) The total amount of dividends on preference and ordinary shares. 2) The Total shareholders’…

Q: Kingdom Corporation has the following.  Preferred stock, $10 par value, 9%, 50,000 shares issued  In…

A: The dividend is the return to the shareholders for their investment in the company. It is…

Q: The shareholders' equity of Blue Corporation includes OMR 500,000 of OMR 1 par common stock and OMR…

A: Preference dividend is to paid fully, to pay dividend on common stock. Any arrears of dividend will…

Q: An analysis of stockholders' equity of Hang Corporation as of January 1, 2020 is as follows: Common…

A: Total additional paid in capital refers to a component of stock holders equity which represents the…

Q: On December 31, 2019 and 2020, Carr Company had outstanding 40,000 preference shares with P100 par…

A: Share Capital:- Share capital is considered as the money which a firm raises from selling ordinary…

Q: The following are the abstract of the shareholders' equity of Shake Shake Corporation as of December…

A:

Q: Al Hamra Company issues 500,000 shares of common stock on January 1, 2020 trading at RO 0.200 per…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: On January 1, 2020, Concord Corporation purchased 1,100 shares of treasury stock. Other information…

A: Formula for Return on common stockholder's equity: Return on common stockholder's equity = (Net…

Q: he Gangnam Company began operations in January 2019 and reported the following results for each of…

A: calculation of book value of ordinary share are as follows

Q: Presented below was the stockholders' equity section of Wiley Corporation's balance sheet at…

A:

Q: Sheffield Corp. had the following information in its financial statements for the years ended 2020…

A: Book value per share is a ratio of total common stockholders' equity and total outstanding shares at…

Q: As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable 20,000…

A: Shareholders' equity is the total amount of ownership investment in a company.Shareholders' equity…

Q: ABC began operations in January 2019 and reported the following results for each of its three years…

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

Q: Francis Inc. has the following stockholders' equity section in its November 30, 2019, balance sheet:…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: The following data are extracted from the equity section of the balance sheet of Delta Corporation:…

A: All amounts are in dollar.

Q: ABC began operations in January 2019 and reported the following results for each of its three years…

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

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.