Is Partlow’s preferred stock cumulative or noncumulative? How can you tell? Partlow declares cash dividends of $30,000 for 2010. How much of the dividends goes to preferred. How much goes to common? Partlow passed the preferred dividend in 2011 and 2012. In 2013 the company declares cash dividends of $45,000. How much of the dividend goes to preferred? How much goes to common?
Is Partlow’s preferred stock cumulative or noncumulative? How can you tell? Partlow declares cash dividends of $30,000 for 2010. How much of the dividends goes to preferred. How much goes to common? Partlow passed the preferred dividend in 2011 and 2012. In 2013 the company declares cash dividends of $45,000. How much of the dividend goes to preferred? How much goes to common?
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 1R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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Question
Partlow Company has the following
Paid-in-capital |
|
|
82,500 |
common stock, $0.30 par, 1,200,000 shares authorized and issued |
360,000 |
paid-in-capital in excess of par-common |
400,000 |
Total paid in capital |
842,500 |
|
260,000 |
Total stockholder's Equity |
1,102,500 |
Requirements:
- Is Partlow’s preferred stock cumulative or noncumulative? How can you tell?
- Partlow declares cash dividends of $30,000 for 2010. How much of the dividends goes to preferred. How much goes to common?
- Partlow passed the preferred dividend in 2011 and 2012. In 2013 the company declares cash dividends of $45,000. How much of the dividend goes to preferred? How much goes to common?
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