Determine the dividends per share for preferred and common stock for each year. If answer is zero, enter '0'. Round all answers to two decimal places
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Cumulative Preference Shares - Cumulative preference shares are the shareholders which gets the…
Q: Windborn Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of…
A: 1. Dividend per share is the total amount of dividends. 2. Preferred and common stock is both equity…
Q: Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $150 par…
A: Dividend means share of profit which is given to the shareholders of the company. Preference…
Q: Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of…
A: Annual Preferred Dividends = 20,000 shares x $50 x 2% = $20,000 Cumulative Preferred Stock means…
Q: Windborn Company has 15,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
Q: Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of…
A: Dividend distribution is a method of distribution of profit by the company to its stockholders. The…
Q: Mike and Ike Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of S50 par…
A: Dividend means the amount given to shareholder of the company as profit distribution by company.…
Q: Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of…
A: Introduction: Cumulative preferred stock are those shares, holders of which gets the right to…
Q: National Furniture Company has 25,000 shares of cumulative preferred 2% stock, $75 par and 200,000…
A: Details with working: Par Value per Preferred Share Dividend rate Dividend per Preferred…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Swilley Furniture Company has 50,000 shares of cumulative preferred 2% stock, $75 par, and 100,000…
A:
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
Q: Texas Inc. has 12,000 shares of 6%, $125 par value cumulative preferred stock and 92,000 shares of…
A: To meet the financial requirement of the business, companies raise the funds through external…
Q: Texas Inc. has 12,000 shares of 8%, $125 par value cumulative preferred stock and 90,000 shares of…
A: Stock Dividends: It refers to the payment of dividends by a company to its existing shareholders, in…
Q: Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of…
A: Lets understand the basics. Cumulative preferred shares are share on which dividend at the specific…
Q: A company had stock outstanding as follows during each of its first three years of operations: 2,500…
A: 1. Annual Preferred dividend = No. of shares*face value per share*dividend % = 2,500*$100*10% =…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Year 1: Annual preference dividend: 20000 shares * $100* 2% = $40000 Dividend declared in the…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Common stockholders or shareholders are the shareholders who actually known as the real owner of the…
Q: Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares ot…
A: The preferred shares are cumulative it means that if the dividend is not paid for the year then it…
Q: Dividends Per Share Seacrest Company has 15,000 shares of cumulative preferred 3% stock, $50 par…
A: A dividend is distribution of cash or stock made by corporation to its shareholders based on number…
Q: York's outstanding stock consists of 60,000 shares of cumulative 8.0% preferred stock with a $5 par…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…
A: working note PREFERED DIVIDEND = 1,000 *100*9%=$9000
Q: Dividends Per Share Windborn Company has 30,000 shares of cumulative preferred 3% stock, $50 par and…
A: Given that, 3% Cumulative preferred stock = 30,000 shares at $50 par Common stock = 50,000 shares…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Reinhardt furniture company has 40000 shares of cumulative preferred 2% stock, $150 par and 100000…
A: Dividend: When the company earns a huge profit then it’s declared some extra money on the shares…
Q: Stair Step Company has 20,000 shares of $100 par, 2% cumulative preferred stock, and 100,000 shares…
A: Dividend paid every year for preference shares 20,000 shares * $100 * 2% = $40,000. In year 1 only…
Q: Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par…
A: The dividend is a kind of share of profit to be distributed among shareholders. It can be a cash…
Q: Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $100 par…
A: Dividend per share= Dividend/ Number of shares Preference dividend is paid first and remaining…
Q: A company had stock outstanding as follows during each of its first three years of operations: 2,000…
A: Preference Stock: These are the shares that earn a fixed rate of dividend on the number of shares…
Q: Windborn Company has 25,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of…
A: Annual Dividend on Preferred stock = 25,000 x $100 x 3%Annual Dividend on Preferred stock = $75,000…
Q: Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Windborn Company has 20,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of…
A: Dividend per share = Total dividend paid / No. of shares Annual Dividend to Preferred shareholders =…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Castillo Nutrition Company has 14,000 shares of cumulative preferred 1% stock, $130 par, and 70,000…
A: Cumulative Preference Share: In the case of cumulative preferred stock, a clause states that…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of…
A: Preferred dividend is the dividend paid to preferred stockholders and this dividend will be given…
Q: Sanchez Company has 38,000 shares of 5% preferred stock of $100 par and 112,000 shares of $50 par…
A: Year 1 Year 2 Year 3 Total amount of dividend distributed $ 5,38,000 $…
Q: Sabas Company has issued and outstanding 20,000 shares of $100 par, 1% noncumulative preferred stock…
A: Solution- Dividend on preferred shares = 20000 * 100 * 1%=20000…
Q: Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $150 par…
A: Dividends are paid first to preferred stockholders and the remaining balance is paid to common…
Q: A company had stock outstanding as follows during each of its first three years of operations: 4,000…
A: Solution: Computation of dividend per share to Preferred and common shareholders Year Total…
Q: Sandpiper Company has 20,000 shares of cumulative preferred 1% stock of $100 par and 100,000 shares…
A: Dividend per share: Dividend per share represents the amount of dividend paid to each…
Q: Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of…
A: Dividends is the part or share of profits that is being distributed to the shareholders of the…
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: A company had stock outstanding as follows during each of its first three years of operations: 3,000…
A: The dividend is considered as a part of the distributable profit distributed by the company to its…
Q: Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of…
A: Given that par value = $100 rate = 5% cumulative preferred stock = 6000 shares
Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: ,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock.…
A: The common stock and preferred stock are the two capital sources of the company which is having…
Q: Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50…
A:
Q: Dividends Per Share Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $100 par…
A: Dividends are paid first to preferred stockholders and the remaining balance is paid to common…
Q: A company had stock outstanding as follows during each of its first three years of operations: 3,000…
A: The dividend is paid to the stockholders as the return on the investment. It is paid out of the…
Reinhardt Furniture Company has 40000 shares of cumulative
Year 1 $70000
Year 2 $200000
Year 3 $320000
Determine the dividends per share for preferred and common stock for each year. If answer is zero, enter '0'. Round all answers to two decimal places.
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- 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.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?Jupiter 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 Jupiter Corporations weighted average number of shares for the year?
- 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. Open the file STOCKEQ from the website for this book at cengagebrain.com. Enter the formulas in the appropriate cells on the worksheet. Then fill in the columns to show the effect of each of the selected transactions and events listed earlier. Enter your name in cell A1. Save the completed worksheet as STOCKEQ2. Print the worksheet. Also print your formulas. Check figure: Total stockholders equity balance at 12/31/12 (cell G21). 398,800.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. In the space provided below, prepare the stockholders equity section of Chen Corporations balance sheet as of December 31, 2012. Use proper headings and provide full disclosure of all appropriate information. Chens corporate charter authorizes the issuance of 1,000 shares of preferred stock and 100,000 shares of common stock.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.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.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?
- The following selected transactions and events occurred during 2013: a. Issued 200 shares of preferred stock for 20,000. b. Sold 800 shares of treasury stock for 2,800. c. Declared and issued a 4% common stock dividend. The market value on the date of declaration was 5 per share. d. Generated a net loss for the year of 16,000. e. Declared and paid the full years dividend on all the preferred stock and a dividend of 15 per share on common stock outstanding at the end of the year. Enter beginning balances for 2013 on STOCKEQ2. Then erase all 2012 entries and enter the transactions for 2013. Save the results as STOCKEQ4. Print the results.Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first year, the company has the following transaction: Mar. 1, issued 40,000 shares of preferred stock at $20.50 per share. Journalize the transaction.Nutritious Pet Food Companys board of directors declares a large stock dividend (50%) on June 30 when the stocks market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend?