Nutritious Pet Food Company’s board of directors declares a cash dividend of $9,271 on June 30. At that time, there are 3,176 shares of $7 par value 8% preferred stock outstanding and 5,867 shares of $6 par value common stock outstanding (none held in treasury). What is the amount of the preferred stock dividend? Round to the nearest penny, two decimals.

Q: Texas Inc. has 10,000 shares of 6%, $125 par value cumulative preferred stock and 50,000 shares of…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: A company bought back 57,000 shares of its own common stock at $14 per share. Four months later the…

A: Given Information: Company bought back 57,000 shares at price $14 After 4 month 20,000 shares were…

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Date Accounts Debit Credit July 1 Dividends (1,000-200) * $3 2,400       Dividends Payable…

Q: Northwest Clothing Supply has the following transactions during the year related to stockholders'…

A: Total dividend declared  = (no. of Common stock + no. of preferred stock) x dividend per share =…

Q: Court Casuals has 100,000 shares of common stock outstanding as of the beginning of the year and has…

A: The question is based on the concept of Financial Accounting.

Q: February 16, Hawthorne Co. declares a $0.34 dividend to be paid on April 5. Hawthorne has 2,000,000…

A: Dividend  pay will result in cash outflows

Q: On January 1, Crane Corporation had 94,500 shares of no-par common stock issued and outstanding. The…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On October 1, Cullumber Corporation’s stockholders’ equity is as follows. Common stock, $6 par…

A: The company raises the finance from various sources, one of them is common stock. The investor who…

Q: On June 30, Sharper Corporation’s stockholders’ equity section of its balance sheet appears as…

A: Share outstanding after the stock dividend is 75,000 shares.

Q: On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The…

A: Journal is a place where accounting transactions are listed in the book keeping system before ledger…

Q: Green Planet Corp. has (a) 5,800 shares of noncumulative 12% preferred stock with a $2 par value and…

A: Annual dividend on preferred stock = Number of preferred shares × Par value per preferred share ×…

Q: Nutritious Pet Food Company’s board of directors declares a cash dividend of $5,000 on June 30. At…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: Luke Enterprises has 305,000 shares of $18 par common stock outstanding. On January 19, Luke…

A: Stock dividend result in issuance of shares of company to the existing shareholders unlike the cash…

Q: On June 1, Sheffield Inc. issues 3,350 shares of no-par common stock at a cash price of $7 per…

A: Paid in capital in excess of stated value = (Par value per share - Stated value per share) x No. of…

Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of…

A: For cumulative preferred stock arrears of dividend is also payable.  Dividend payable per year to…

Q: 2. Homework Chapter 10

A: In Stock split offers are given to the present investor's in extent of their current offers. It is…

Q: On January 1, Larkspur, Inc. had 93,000 shares of no-par common stock issued and outstanding. The…

A: Journal entry: This is the first step to record accounts. It is written in the same order in which…

Q: Nutritious Pet Food Company’s board of directors declares a cash dividend of $8,749 on June 30. At…

A: Introduction:- The following points needs to understand as follows:- Nutritious Pet Food Company’s…

Q: Italian Stallion has the following transactions during the year related to stockholders' equity. 1…

A: Total dividend declared = Dividend per share x (No. of common stock + No. of preferred stock) =…

Q: On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: On May 10, Blue Spruce Corporation issues 3,050 shares of $10 par value common stock for cash at $20…

A: The organization can raise funds for the operation song integrity by issuing common stock, preferred…

Q: Denver Company had the following transactions affected Stockholders equity during the year :…

A: Preferred stock holder means those stock holder who will be getting dividend before the common…

Q: On January 1, Pharoah Company had 64,500 shares of no-par common stock issued and outstanding. The…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Green Planet Corp. has (a) 5,800 shares of noncumulative 12% preferred stock with a $2 par value and…

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

Q: If Common Stock is $10 par value , 140,000 shares are authorized, and 60,000 shares , if the…

A: Cash dividend payable = $2 x 60,000 = $120,000

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Dividend declared would be paid on no. of outstanding shares only.

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

A:

Q: On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 1,000,000 shares of no-par…

A: a.

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: On January 2, Year 1, Pfizer Drug Company a major manufacturer of generic drugs issued 20,000 shares…

A: >Stock can be issued at any price over its par value to the prospective stockholders.>If…

Q: Hi-C Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On December…

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

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 40 million,…

A:

Q: On January 1, Pina Colada Corp. had 94,000 shares of no-par common stock issued and outstanding. The…

A: Common Shares issued and outstanding at the time declaring Dividend on April 1   94000 shares +…

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: Court Casuals has 300,000 shares of common stock outstanding as of the beginning of the year and has…

A: Treasury shares are those shares which are being reacquired or repurchased by business from its…

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: Please help

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Nowell Inc. had the following stock issued and outstanding at January 1, Year 2. 1. 150,000 shares…

A: The dividend paid to the preference holders is the product of the par value of preference capital,…

Q: Larkspur, Inc. issues 7,600 shares of $108 par value preferred stock for cash at $116 per share.…

A: If the shares are issued for more than a par value of stock, then the excess amount goes to Paid-in…

Q: Global Corporation had 60,000 shares of $20 par value common stock outstanding on July 1. Later that…

A: Stock dividends are dividends paid to the shareholders in the form of shares i.e. instead of cash…

Q: Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share…

A: A journal entry is the recording of financial transactions of business entity in the books of…

Q: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

A: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

Q: The par value of the preferred is $50. During the first year of operations, the company had the…

A: Journal Entry  Date Account Title Debit Credit Feb 1 Cash (46,500 ×$53) $2,464,500…

Q: Italian Stallion has the following transactions during the year related to stockholders' equity.…

A: Total dividend declared = (No. of common stock + no. of preferred stock) x Dividend per share =…

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

A: 4% Stock Dividend is recorded using the market price of the stock as of the date of stock dividends…

Q: On September 1, Reedy Company has 500,000 shares of $30 par value ($330 market value) common stock…

A: Stock splits: Stock split means dividing single stock into multiple number of shares. Under stock…

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

A: 10% $20 Par Value Preferred Stock = $10,00,000 i.e.. 50,000 shares of $20 par each   Stock dividend…

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: Please I want answer for this question of multiple choice. Big thanks

A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings,…