Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2% stock, $60 par and 300,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $51,000; second year, $105,000; third year, $81,000; fourth year, $120,000.
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: A dividend refers to the percentage of profit per share paid by the company to its shareholders…
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A: The question is based on the concept of Financial Accounting.
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
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A: Dividends are paid to shareholders out of the profits of the company as distributions. Payment of…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The dividend is a kind of share of profit to be distributed among shareholders. It can be a cash…
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A: The preferred shares have the right to get the dividends paid before any other shareholders get the…
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A: Dividend refers to portion of entity’s earnings that is shared with stockholders. Dividend can…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Dividend arrears are paid for cumulative preferred stock. First compute the annual preferred stock…
Q: Compute the dividend per share on each class of stock for each of the four years. Round all answers…
A: Dividend paid out to Preferred stock at 3% of $160 par = 160*0.03 =$4.8 per stock. $4.8*18,000 =…
Q: nds Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as…
A: Preferred stock refers to those stocks which prefers to provide a fixed amount of return in the…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000…
A: The cumulative preference shareholders have the right to receive any dividend in arrear before any…
Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of…
A: In case of cumulative preferred stock, the unpaid dividend for any previous year will be accumulated…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Preferred dividend per year = 20,000 x 3%x $110 = $66,000
Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The table below shows the calculation of preferred dividend and number of outstanding shares:…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Cumulative dividends: This is a preferential right a preferred shareholder must receive current…
Q: The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A:
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding…
A: A payment made by a Company to its stockholders is Called Dividend. When a company makes a profit or…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Cumulative preferred stock is a kind of preferred stock that stipulated a term that if any dividend…
Q: Dividends per shareLightfoot Inc., a software development firm, has stock outstanding asfollows:…
A: The dividend is the distribution of profit amongst the shareholders of the company. It becomes a…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Preferred Stock pays dividend in the same way as common stock but their rate of dividend is fixed…
Q: Compute the dividends per share on each class of stock for each of the four years. Round all answers…
A:
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Preference stock dividend = 10000 shares * 3% * $ 25 = $ 7500
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A:
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: Par Value per Preferred Share Dividend rate Dividend per Preferred Share No. of Preferred…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The dividend per share is calculated as total dividend divided by number of shares outstanding. The…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Solution: Dividend per share = Total dividends to particular class / Nos of shares held in…
Q: Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Shares Outstanding Cumulative preferred 4% stock, $140 par - 18,000 shares Total preferred share…
Q: Dividends per share The Ted Williams Corporation…
A: Dividend Per share :— Dividend per share (DPS) is the sum of declared dividends issued by a company…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: when company earns the profit then it was dividend to its shareholders as a reward for their…
Q: eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares…
A: Solution:- The following basic information as follows under:- Preference dividend =Shares x value…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Dividend Per Share :— It is calculated by dividing dividends by number if outstanding shares.…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Dividend per share: Dividend per share is calculated for Preferred stock as well as Common Stock.…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Compute preferred dividends per year on preferred stock as shown below:
Q: Dividends per share Imaging Inc., a developer of radiology equipment, has stock outstanding as…
A: Dividends are the part or share of profits that is being distributed to shareholders. Dividends are…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Dividend :— Annual return on Stock investment is called dividend. It is not necessary only annual…
Q: Hi, I'm having trouble finding the value of the preferred stock for year 2. The first time I did the…
A: Calculate the dividends per share of preferred stock for the 2nd year:
Q: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows:…
A: What are preference shares? Preference shares are also known as preferred stock. These shares have…
Q: Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000…
A: Annual preferred dividend = 80,000*$20*3% Annual preferred dividend = $48,000
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: The following information is included in the questions: 80,000 shares of cumulative preferred 3%…
Q: Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000…
A: Cumulative Preference share: To be eligible for dividends, a firm must pay all dividends to…
Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative
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- Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is Jupiter Corporations weighted average number of shares for the year?
- Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?
- COMMON AND PREFERRED CASH DIVIDENDS Ramirez Company currently has 100,000 shares of 1 par common stock outstanding and 5,000 shares of 50 par preferred stock outstanding. On July 10, the board of directors declared a semiannual dividend of 0.30 per share on common stock to shareholders of record on August 1, payable on August 5. On July 15, the board of directors declared a semiannual dividend of 5 per share on preferred stock to shareholders of record on August 5, payable on August 10. Prepare journal entries for the declaration and payment of the common and preferred stock cash dividends.Stockholders equity accounts and other related accounts of Gonzales Company as of January 1, 20--, the beginning of its fiscal year, are shown below. (a)Received 20,000 for the balance due on subscriptions for preferred stock with a par value of 40,000 and issued the stock. (b)Purchased 10,000 shares of common treasury stock for 18 per share. (c)Received subscriptions for 10,000 shares of common stock at 19 per share, collecting down payments of 45,000. (d)Issued 15,000 shares of common stock in exchange for land with a fair market value of 290,000. (e)Sold 5,000 shares of common treasury stock for Si00,000. (f)Issued 10,000 shares of preferred stock at 11.50 per share, receiving cash. (g)Sold 3,000 shares of common treasury stock for 17 per share. REQUIRED 1. Prepare general journal entries for the transactions, identifying each transaction by letter. 2. Post the journal entries to appropriate T accounts. The cash account has a beginning balance of 300,000. 3. Prepare the stockholders equity section of the balance sheet as of December 31, 20--. Net income for the year was 825,000 and dividends of 400,000 were paid.James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?
- Selected stock transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Issued 200,000 shares of common stock at 12, receiving cash. b. Issued 8,000 shares of preferred 2% stock at 115. c. Purchased 175,000 shares of treasury common for 10 per share. d. Sold 110,000 shares of treasury common for 14 per share. e. Sold 30,000 shares of treasury common for 8 per share. f. Declared cash dividends of 1.25 per share on preferred stock and 0.08 per share on common stock. g. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter.Chen Corporation began 2012 with the following stockholders equity balances: The following selected transactions and events occurred during the year: a. Issued 10,000 shares of common stock for 60,000. b. Purchased 1,200 shares of treasury stock for 4,800. c. Sold 2,000 shares of treasury stock for 11,000. d. Generated net income of 94,000. e. Declared and paid the full years dividend on preferred stock and a dividend of 1.00 per share on common stock outstanding at the end of the year. Chen Corporation maintains several paid-in capital accounts (Paid-in Capital in Excess of Par, Paid-in Capital from Treasury Stock, etc.) in its ledger, but combines them all as Additional paid-in capital when preparing financial statements.Stockholders equity accounts and other related accounts of Gonzales Company as of January 1, 20--, the beginning of its fiscal year, are shown below. Preferred stock subscriptions receivable 50,000 Preferred stock, 10 par, 9% (200,000 shares authorized; 20,000 shares issued)200,000 Preferred stock subscribed (10,000 shares)100,000 Paid-in capital in excess of parpreferred stock40,000 Common stock, 10 par (100,000 shares authorized; 60,000 shares issued)600,000 Paid-in capital in excess of parcommon stock250,000 Retained earnings750,000 During 20--, Gonzales Company completed the following transactions affecting stockholders equity: (a) Received 20,000 for the balance due on subscriptions for 4,000 shares of preferred stock with a par value of 40,000 and issued the stock. (b) Purchased 10,000 shares of common treasury stock for 18 per share. (c) Received subscriptions for 10,000 shares of common stock at 19 per share, collecting down payments of 45,000. (d) Issued 15,000 shares of common stock in exchange for land with a fair market value of 290,000. (e) Sold 5,000 shares of common treasury stock for 100,000. (f) Issued 10,000 shares of preferred stock at 11.50 per share, receiving cash. (g) Sold 3,000 shares of common treasury stock for 17 per share. REQUIRED 1. Prepare general journal entries for the transactions, identifying each transaction by letter. 2. Post the journal entries to appropriate T accounts. The cash account has a beginning balance of 300,000. 3. Prepare the stockholders equity section of the balance sheet as of December 31, 20--. Net income for the year was 825,000 and dividends of 400,000 were paid.