On December 31, 2014, Ludwig Inc showed the following (All of the shares had been issued early in 2013) Eguy iectn o Ditance heet Detamberat 2014 Contributed captal Preferred shares, $4.00 unimiled shares authortred 15,000 share issued and outstanding Common shares, unlimited shares authorized 70,000 shares issued and outstanding Total contributed capital Retained eamings Total equity 225,000 630,000 855,000 370,000 1,225,000 a) Calculate book value per common share and prefened share at December 31, 2014, assuming no divdends were declared for the years ended December 31, 2013 and 2014, and that the prefomed shares are Prefered shares are non-cumulative Prefered shares are cumutative Book value per common share Book value per common share Book value per preferred share Book value per prefered share b) Calculate book value per common share and prefened share at December 31, 2014, assuming total dividends of $78,000 were declared and paid in each of the years ended December 31, 2013 and 2014, and that the preferred shares are Preferred shares are cumulative Preferred shares are non-cumutative Book value per common share Book value per prefemed share Book value per common share Book value per preferred share
On December 31, 2014, Ludwig Inc showed the following (All of the shares had been issued early in 2013) Eguy iectn o Ditance heet Detamberat 2014 Contributed captal Preferred shares, $4.00 unimiled shares authortred 15,000 share issued and outstanding Common shares, unlimited shares authorized 70,000 shares issued and outstanding Total contributed capital Retained eamings Total equity 225,000 630,000 855,000 370,000 1,225,000 a) Calculate book value per common share and prefened share at December 31, 2014, assuming no divdends were declared for the years ended December 31, 2013 and 2014, and that the prefomed shares are Prefered shares are non-cumulative Prefered shares are cumutative Book value per common share Book value per common share Book value per preferred share Book value per prefered share b) Calculate book value per common share and prefened share at December 31, 2014, assuming total dividends of $78,000 were declared and paid in each of the years ended December 31, 2013 and 2014, and that the preferred shares are Preferred shares are cumulative Preferred shares are non-cumutative Book value per common share Book value per prefemed share Book value per common share Book value per preferred share
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 9P
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