Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".
Q: Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 40,000 shares of…
A: The question is based on the concept of Financial Accounting.
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Any company having preferred stock, should first declare dividend on preferred stock. If any profits…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Dividends is the part or share of profits that is being distributed to the shareholders of the…
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Dividends are paid to shareholders out of the profits of the company as distributions. Payment of…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Dividend refers to the profit distributed by the company to its shareholders. The dividend is paid…
Q: Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000…
A: Dividend refers to portion of entity’s earnings that is shared with stockholders. Dividend can…
Q: vidends Per Share eventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The dividend per share is calculated as total dividend divided by number of shares outstanding. The…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Solution: In order to determine dividend per share for each class of shareholder, first we will…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Cumulative dividends: This is a preferential right a preferred shareholder must receive current…
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A: Dividend means the amount given to shareholder of the company as profit distribution by company.…
Q: Compute the dividend per share on each class of stock for each of the four years. Round all answers…
A: Dividend paid out to Preferred stock at 3% of $160 par = 160*0.03 =$4.8 per stock. $4.8*18,000 =…
Q: nds Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as…
A: Preferred stock refers to those stocks which prefers to provide a fixed amount of return in the…
Q: eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares…
A: Preferred stock will be given preference during payment of dividend over common stock. Since…
Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of…
A: In case of cumulative preferred stock, the unpaid dividend for any previous year will be accumulated…
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Dividend means the amount given to shareholder of the company as profit distribution by company.…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Preferred dividend per year = 20,000 x 3%x $110 = $66,000
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A:
Q: Dividends per shareSeventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A: Introduction Payment of dividends: Dividends are distribution of profits of the company to its…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Cumulative dividends: This is a preferential right a preferred shareholder must receive current…
Q: Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Dividend on preference shares = 15000 shares * $ 25 * 4% = $ 15000 Dividend per share = Dividend…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000…
A: Dividend per Share is Calculated by Dividing Total Dividend Paid from no of Shares Outstanding…
Q: Dividends per shareLightfoot Inc., a software development firm, has stock outstanding asfollows:…
A: The dividend is the distribution of profit amongst the shareholders of the company. It becomes a…
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Preference stock dividend = 10000 shares * 3% * $ 25 = $ 7500
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The dividend is a method of distributing profits among the stockholders of the company. it is…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000…
A: In order to determine the earning available to the equity shareholders, the preferred dividend is…
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A:
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Par Value per Preferred Share Dividend rate Dividend per Preferred Share No. of Preferred…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The dividend per share is calculated as total dividend divided by number of shares outstanding. The…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Solution: Dividend per share = Total dividends to particular class / Nos of shares held in…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Shares Outstanding Cumulative preferred 4% stock, $140 par - 18,000 shares Total preferred share…
Q: Dividends per share The Ted Williams Corporation…
A: Dividend Per share :— Dividend per share (DPS) is the sum of declared dividends issued by a company…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000…
A: Dividends are paid first to preferred stockholders and the remaining balance is paid to common…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Calculation of Dividend for First Year First Year - Dividend Paid Dividends Preferred…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: when company earns the profit then it was dividend to its shareholders as a reward for their…
Q: eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares…
A: Solution:- The following basic information as follows under:- Preference dividend =Shares x value…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000…
A: Dividend are the payment of cash flows to a shareholder of a company when the company has positive…
Q: Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000…
A: Dividend means the amount given to shareholder of the company as profit distribution by company.…
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A: Preference shareholder has the right to receive dividend preference over the common stockholder.…
Q: Dividends per share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Dividends are the part or share of profits that is being distributed to shareholders. Dividends are…
Q: Hi, I'm having trouble finding the value of the preferred stock for year 2. The first time I did the…
A: Calculate the dividends per share of preferred stock for the 2nd year:
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A: A payment made by a Company to its stockholders is Called Dividend. When a company makes a profit or…
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A: The portion of the earnings that are distributed among the shareholders is termed as the dividend.
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: What are preference shares? Preference shares are also known as preferred stock. These shares have…
Q: Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock…
A: >Dividends are the payment to investors of stock or shares. >Usually, preferred…
Q: Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000…
A: Cumulative Preference share: To be eligible for dividends, a firm must pay all dividends to…
Dividends Per Share
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 40,000 shares of cumulative
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
- Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.
- James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?COMMON AND PREFERRED CASH DIVIDENDS Ramirez Company currently has 100,000 shares of 1 par common stock outstanding and 5,000 shares of 50 par preferred stock outstanding. On July 10, the board of directors declared a semiannual dividend of 0.30 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 5 per share on preferred stock to shareholders of record on August 5, payable on August 10. Prepare journal entries for the declaration and payment of the common and preferred stock cash dividends.Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
- Chen Corporation began 2012 with the following stockholders equity balances: The following selected transactions and events occurred during the year: a. Issued 10,000 shares of common stock for 60,000. b. Purchased 1,200 shares of treasury stock for 4,800. c. Sold 2,000 shares of treasury stock for 11,000. d. Generated net income of 94,000. e. Declared and paid the full years dividend on preferred stock and a dividend of 1.00 per share on common stock outstanding at the end of the year. Chen Corporation maintains several paid-in capital accounts (Paid-in Capital in Excess of Par, Paid-in Capital from Treasury Stock, etc.) in its ledger, but combines them all as Additional paid-in capital when preparing financial statements.Stockholders equity accounts and other related accounts of Gonzales Company as of January 1, 20--, the beginning of its fiscal year, are shown below. (a)Received 20,000 for the balance due on subscriptions for preferred stock with a par value of 40,000 and issued the stock. (b)Purchased 10,000 shares of common treasury stock for 18 per share. (c)Received subscriptions for 10,000 shares of common stock at 19 per share, collecting down payments of 45,000. (d)Issued 15,000 shares of common stock in exchange for land with a fair market value of 290,000. (e)Sold 5,000 shares of common treasury stock for Si00,000. (f)Issued 10,000 shares of preferred stock at 11.50 per share, receiving cash. (g)Sold 3,000 shares of common treasury stock for 17 per share. REQUIRED 1. Prepare general journal entries for the transactions, identifying each transaction by letter. 2. Post the journal entries to appropriate T accounts. The cash account has a beginning balance of 300,000. 3. Prepare the stockholders equity section of the balance sheet as of December 31, 20--. Net income for the year was 825,000 and dividends of 400,000 were paid.Selected stock transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Issued 200,000 shares of common stock at 12, receiving cash. b. Issued 8,000 shares of preferred 2% stock at 115. c. Purchased 175,000 shares of treasury common for 10 per share. d. Sold 110,000 shares of treasury common for 14 per share. e. Sold 30,000 shares of treasury common for 8 per share. f. Declared cash dividends of 1.25 per share on preferred stock and 0.08 per share on common stock. g. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter.
