Huxley Company has 119,526 shares of common stock authorized, 158,963 issued, and 79,891 shares of treasury stock. The company's board of directors declares a dividend of $0.8 per share of common stock. What is the total amount of the dividend that will be paid? Round your answer to the nearest dollar

Q: Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its…

A: In order to determine the Earning per share, the Earnings available to common shareholders are…

Q: [The following information applies to the questions displayed below.] York's outstanding stock…

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

Q: James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has…

A: Book value per share is the amount of shareholder's equity which is attributable to holder of common…

Q: Crane Corporation has 12.50 million shares of common stock issued and outstanding. On June 1, the…

A: Entries to record dividend, if the dividend represents a distribution of earnings.

Q: The Watermelon Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On…

A: 1. Stock Dividend: In this Dividend company issue additional shares to the existing shareholders…

Q: On December 31, 2022, Voice Company had 500,000 ordinary shares issued and outstanding, 400,000 of…

A: SOLUTION- COMPUTATION OF WEIGHTED AVERAGE NUMBER OF SHARES - DATE NUMBER OF SHARES  MONTHS…

Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…

A: During the year number of shares outstanding are not same. Due to purchase or sale of shares. To…

Q: Netpass Company has 100,000 shares of common stock authorized, 90,000 shares issued, and 40,000…

A: No. of shares issued and outstanding = No. of common stock issued - treasury stock = 90000 shares -…

Q: The board of directors of Mountain Hotels has declared a dividend of $1,700,000. The company has…

A: Preferred dividends = 100,000 shares x $1.30 = $130,000

Q: Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000…

A: Outstanding shares = Issued shares - Treasury shares                                  = 270,000…

Q: Enscoe Enterprises, Incorporated (EEl) has 240,000 shares authorized, 210,000 shares issued, and…

A: Shares outstanding=Shares issued-Shares reacquired Book value per share=(Common stock+Retained…

Q: The annual report for Sneer Corporation disclosed that the company declared and paid preferred…

A: Answer 1) Account Titles and Explanation  Debit  Credit Dividends  $      1,20,000…

Q: Using the following accounts and balances, prepare the stockholders' equity section of the balance…

A: Shareholders equity is a financial document which is presented along with balance sheet. It inclides…

Q: The board of directors of Clear Communications has declared a dividend of $2,500,000. The company…

A: Total Dividend = $2,500,000 Preferred Dividend = 240,000 shares * $2.10 Preferred Dividend =…

Q: Throughout the year, Baker Construction Company had3 million shares of common stock and 150,000…

A: Convertible preference share are those preferences shares which carry a right to be converted into…

Q: Huxley Company has 239699 shares of common stock authorized, 190997 issued, and 57975 shares of…

A: Dividend paid = No. of shares issued and outstanding x Dividend per share where, No. of shares…

Q: Bentley Corporation received cash from issuing 13,000 shares of common stock at par on January 1,…

A: In the given question, the Corporation has issued 13,000 shares at par. The par value per share is $…

Q: The annual report for Sneer Corporation disclosed that the company declared and paid…

A: 1.

Q: Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000…

A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…

Q: Lucky Corporation began the year with a simple capital structure consisting of 200,000 shares of…

A: Formula: Earnings per share = Net income / Weighted average number of equity shares

Q: Saturn Corporation has 19,000 shares of 10%, $76 par noncumulative preferred stock outstanding and…

A: Dividend is defined as the distribution of some of the earnings of the company to the class of its…

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: Monty Inc. has 5,400,000 shares of common stock issued and outstanding. On April 1, the board of…

A:

Q: Almond, Inc held its quarterly dividend meeting on December 8.  At that time, the directors declared…

A: Dividend payable = No. of shares * Dividend per share

Q: AUBURN Corporation had 120,000 of ordinary shares issued and January 2 of the same year, the company…

A: Earnings per share represent the earnings held in hands of each shareholder of the company. It is…

Q: A year-end balance sheet includes the following information for Owners' Equity: Common stock…

A: Given that, common shares issued = 100000 shares Common stcok = $50000 Additional paid in capital =…

Q: Lotoya Davis Corporation has 10 million shares of common stock issued and outstanding. On June 1,…

A: Step 1 The journal entry is recorded for the declaration of dividend under which retained earnings…

Q: Green Planet Corp. has (a) 5,600 shares of cumulative 11% preferred stock with a $2 par value and…

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

Q: Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May…

A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…

Q: The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings…

A: Given, Total paid-in capital and retained earnings= $877,000 Total stockholders’ equity = $817,000…

Q: alculate the dividend per share of common stock.

A: Ownership of an organization can be broken down into small parts or units also known as Shares.…

Q: During its first year of operations, Flounder Corporation had the following transactions pertaining…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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: Denfort corp had 4,000 shares of P7.00, P100 par preferred stock and 50,000 shares of common stock…

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

Q: During its first year of operations, Flounder Corporation had the following transactions pertaining…

A: Journal entries are used to record the transactions of business in a chronological order.

Q: The Abel Company provided the following information from its financial records:   Net income…

A: The earnings per share is calculated as net income available to common shareholders divided by…

Q: The board of directors of Mountain Hotels has declared a dividend of $1,900,000. The company has…

A: Preferred Dividend = Number of Preferred stocks * Dividend per share of Preferred stock = 100,000 *…

Q: Ramos Corporation reported the following equity section on its current balance sheet. The common…

A: Stock dividend is the form of dividend distribution in which additional stock are issued by the…

Q: Safron Inc. has the following data about its common stock: Par value =$1 per share Authorized…

A: Treasury stocks are the stocks which were brought back by the company. The company's outstanding…

Q: At the end of the accounting period, Houston Company had $8,000 of par value common stock issued,…

A: Stockholders equity include common stock, retained earning but does not include treasury stock.

Q: Marcy Company had 30,000 shares of common stock at the beginning of the year. On July 1, it issued…

A: Formulas: Weighted average number of shares = Actual shares out standing * Fraction of year…

Q: The board of directors of Mountain Hotels has declared a dividend of $1,700,000. The company has…

A: The preferred stockholders have right to received stated dividend before payment of dividend to…

Q: The Channing Company earmed $64,000 last year. The capital stock of the company consists of $500.000…

A: Dividend: It can be defined as the distribution of the net profits of the company to its…

Q: Darren Company had 600,000 ordinary shares outstanding on January 1, issued 120,000 shares on May 1,…

A: Weighted average number of shares outstanding is the sum of all outstanding shares multiplied by the…

Q: On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts.…

A: Common Stock: [Common stock – treasury stock] x  2 in 1 stock split [253000 – 5300] x 2/1 495,400 x…

Q: The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently…

A: a. The book shows a balance of common stock of $69,000. The number of shares issued is calculated…