the end of 20x6, Jabba the Hutt's Hot Dog Hut had 350,000 shares of $1 par value common stock iss ddition, Jabba had 94,000 shares of $5 par value, 10% cumulative preferred stock as part of his shar of Jabba's stock, both common and preferred, has been outstanding since the company was incorpo 5. Da did not declare any dividends in 20x5, but he declares and pays a $140,000 cash dividend on De ermine the amount of cash that will be distributed to each class of Jabba's stockholders' equity for th ulation of preferred dividend: cash dividend eferred shareholders mmon shareholders Par Value per Preferred Share $ 0 Dividend Rate % Dividend per Preferred Share Number of Preferred Shares Preferred Dividend for two years

the end of 20x6, Jabba the Hutt's Hot Dog Hut had 350,000 shares of $1 par value common stock iss ddition, Jabba had 94,000 shares of $5 par value, 10% cumulative preferred stock as part of his shar of Jabba's stock, both common and preferred, has been outstanding since the company was incorpo 5. Da did not declare any dividends in 20x5, but he declares and pays a $140,000 cash dividend on De ermine the amount of cash that will be distributed to each class of Jabba's stockholders' equity for th ulation of preferred dividend: cash dividend eferred shareholders mmon shareholders Par Value per Preferred Share $ 0 Dividend Rate % Dividend per Preferred Share Number of Preferred Shares Preferred Dividend for two years

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 9PA: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000...

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Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8% preferred stock outstanding on January 1, 2011. Each share of preferred stock is convertible into four shares of common stock. The stock has not been converted. During the year, Ponce Towers issued additional shares of common stock as follows: For 2011, Ponce Towers, Inc., had income from continuing operations of 545,000 and a 72,000 loss from discontinued operations (net of tax). As vice president of finance for the firm, you have been asked to calculate earnings per share for 2011. The worksheet EPS has been provided to assist you.
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Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares. In its sixth year, the corporation has the following transactions: Journalize these transactions.
Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of $100 par value 8% cumulative preferred stock. It is also authorized to issue 750,000 shares of $6 par value common stock. It has issued 50,000 of the common shares and 1,000 of the cumulative preferred shares. The corporation has never declared a dividend and the preferred shares are one years in arrears. Aggregate Mining has the following transactions this year: Journalize these transactions. For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the split
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