Estrada Corporation has 5,000 shares of 6% cumulative, P100 par value, preference shares outstanding and 175,000 ordinary shares outstanding. The corporation has paid no dividends since May 31, 2017. For the year ended May 31, 2019, Estrada had profit of P1,450,000 and wishes to pay ordinary shareholders a dividend equivalent to 25% of profit. What is the total amount of dividends to be paid by Estrada Corporation at May 31, 2019?

Q: Design Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares…

A: Cumulative preferred stock is that stock on which dividends are accumulated if not paid in a…

Q: Gall Corporation paid dividends of P500,000 and P1,600,000 at the end of 2021 and 2022,…

A: The dividends are declared from the retained earnings of the business.

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A: Cumulative preference shareholders are the holders of the preference securities of a company whose…

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…

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A: Preference shareholders receive dividends first on preference and then the remaining dividend will…

Q: At December 31, 2020, Coronado Industries had 1140000 shares of common stock outstanding. In…

A: We know that the diluted earnings per share is the net income generated by each outstanding share…

Q: Lighthouse Inc., a software development firm, paid a total of $75,000 in dividends in fiscal year…

A: Annual preferred dividend = 3,000 x 6 = 18,000

Q: Concord Corporation has 6500 shares of 5%, $100 par value, cumulative preferred stock and 13000…

A: Annual dividend to preferred stock=No. of share×Par value×5%=6500×$100×5%=$32,500

Q: Quadrant Corporation paid dividends of P2,000,000 and P3,000,000 at the end of 2019 and 2020,…

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

Q: The NiceWay Corporation's statement of financial position shows the total stockholders' equity of…

A: The book value per share is calculated as total shareholders equity divided by number of shares…

Q: Fancher Company has a single class of common stock and a single class of cumulative preferred stock.…

A: Dividend is the amount which is to be paid to the stock holders of an entity. The stockholders may…

Q: HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6%…

A: Total Dividend  P80,000 Less: Comulative preferred dividend (P200,000 * 6% *2) P24,000 Dividend…

Q: XYZ Co. had 600,000 ordinary shares issued and outstanding at December 31, 2019. During 2020, no…

A: Earnings per share: When the net income is divided by the number of outstanding shares, we get…

Q: HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6%…

A: Annual Dividend to Preferred shareholders = preferred share capital x rate of dividend = ₱200,000 x…

Q: Watson, Inc. has 10,000 shares of 4%, $100 par value, cumulative preferred stock, and 20,000 shares…

A: From the profit earned by the business entity, some of the profit is distributed by the business…

Q: Nottebart Corporation has outstanding 10,000 shares of $100 par value, 6% preferred stock and 60,000…

A: Formulas:

Q: On July 1, 2021, Funk Company has 400,000 shares of P25 par ordinary outstanding and the market…

A: Share split in the business is one in which one share of the company is split or broken into…

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: Montrose Construction Ltd. had 64,000 common shares and 22,000 preferred shares outstanding on…

A: Earnings per share is one of the important calculation being made in business. It shows how much…

Q: Wow Inc., has 20,000 shares of 8%, $30 par value preference shares and 120,000 of ordinary shares…

A: a)working     particulars  Number of shares  Pv value  Interest %  Year 2017  Year…

Q: Adham Corporation was organized on January 1, 2019. During its first year, the corporation issued…

A: (1) Allocation of dividends to each class of stock, assuming that the preferred stock is 9% and not…

Q: 5,770,000 On September 15, 2021, Norton Corporation declared a $170,000 dividend to be paid on…

A: Solution Given Number of preference share 5000 Number of common share 10000 Amount…

Q: Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares…

A: Annual Preferred Dividend = 5,000 shares x $100 x 5% = $25,000 Preferred dividends are given as…

Q: Al Jazeera LLC has issued 50,000 ordinary shares of OMR 0.500 baisa each and 20,000 5% preference…

A: Retained profit of the company means accumulated earnings of the company that the company has earned…

Q: The shareholders' equity of McCoy Corp. revealed the following on June 30, 2017: ·       Preference…

A: Legal capital of the business par value of ordinary shares capital and preference share capital. It…

Q: Jay-ar Corp. issued 20,000 shares of P5 par common stock at P10 per share. On December 31, 2017,…

A: when we prepare the balance sheet of the company then generally there are two category equity and…

Q: Vaughn, Inc. has 11300 shares of 8%, $100 par value, cumulative preferred stock and 113000 shares of…

A: Given that: Number of preferred shares = 11300 shares Par value per share = $100 Dividend rate = 8%…

Q: Cefner Corporation paid dividends of P200,000 and P300,000 at the end of 2019 and 2020,…

A: Formula: Dividends to ordinary shareholders = Total dividends - Preferred dividends

Q: On December 31, 2020, BFAR Corp. has 5,000, 6% cumulative and non-participating preference shares…

A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…

Q: Waterway Corporation was organized on January 2, 2020. During 2020, Waterway issued 39200 shares at…

A: Purchase  of treasury stock will reduce the stockholders equity. The net income will be added to…

Q: Kimber Inc. reported net income of $177,500 during 2021.  At January 1, 2021 Kimber had 100,000…

A: EPS stands for earning per share. A company has two types of EPS i.e basic and diluted. Basic EPS is…

Q: Concord, Inc., has 4000 shares of 5%, $100 par value, noncumulative preferred stock and 32000 shares…

A: The calculation of annual preferred dividend has been made as follows: Annual preferred…

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

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A: A dividend is the payment of a part of a company's value to a certain group of shareholders…

Q: Indigo Inc., was organized on January 1, 2017, at which date it issued 200,000 shares of P 10 par…

A: Total shareholder includes ordinary share capital, the premium on share capital, and retained…

Q: Lord Aguilar Corp. plans to declare and distribute a dividend in December 2019. There are 20,000…

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A: The company had issued shares at $8 and provided a premium of $4 to the shareholders. As no…

Q: 1. cumulative and nonparticipating and the total amount that the board of directors has specified…

A: Formulas: *2 is for 2 years as the company has not paid any dividend in the previous year.

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A: Calculation of dividend payble to preference shareholders  >> (50,000 *100*12%) = 600,000 But…

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

Q: HAWKEYE Corporation has the following shareholders' equity accounts as of December 31, 2021: 6%…

A: solution : given Rate of preference dividend 6% Par value of preference share 200,000…

Q: cash dividends shall the ordinary shareholders

A: Cash dividends received by preference shareholders = Amount of outstanding preference shares * Rate…

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A: Number of shares outstanding after split = Number of shares outstanding before split x Split ratio…

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A: Earnings per share (EPS) was used to measure profitability. Earnings per share: =(Net income -…

Q: Quadrant Corporation paid dividends of P2,000,000 and P3,000,000 at the end of 2019 and 2020,…

A: Given that preference shares are cumulative in nature. So if the preference shares are cumulative in…

Q: At December 31, 2020 and 2019, Atsumu Corporation had 100,000 Ordinary shares and 10,000 cumulative…

A: Formula: Preferred dividend = Total preferred shares value x Preferred dividend rate.

Q: In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…

A: In case of shares with no-par value, whole of the consideration received shall not be available to…

Q: As of December 31, 2020, the Russell Corporation has 10,000 shares of 10% preferred stock issued and…

A:

Q: ABC Co. issued share capital of 20,000 shares, P5 par, at P10 per share. The accumulated profits on…

A: Treasury Stock refers to the company’s own outstanding stock bought back from stockholders. These…

Q: n 2021, wow company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…

A: Company means a form of business where the share holder invest money in business in form of shares…

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.