Lyon Company shows the following condensed income statement information for the year ended December 31, 2019:
Lyon declared dividends of $6,000 on preferred stock and $17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible.
Required:
Accounting Information Systems
Financial Accounting
Financial And Managerial Accounting
Financial & Managerial Accounting
Corporate Financial Accounting
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Contemporary Marketing
Management, Loose-Leaf Version
Principles of Macroeconomics (MindTap Course List)
Accounting Information Systems
Fundamentals of Financial Management (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Essentials of Economics (MindTap Course List)
Foundations of Business (MindTap Course List)
Principles of Economics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
MKTG 12:STUDENT ED.-TEXT
Principles of Microeconomics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Financial Accounting
Accounting (Text Only)
College Accounting (Book Only): A Career Approach
Financial & Managerial Accounting
Statistics for Business & Economics, Revised (MindTap Course List)
Exploring Economics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Principles of Macroeconomics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management (MindTap Course List)
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Corporate Financial Accounting
Cornerstones of Cost Management (Cornerstones Series)
Economics (MindTap Course List)
Macroeconomics
Purchasing and Supply Chain Management
Microeconomics
Economics For Today
Practical Management Science
Managerial Accounting
Cornerstones of Financial Accounting
Principles of Microeconomics
Micro Economics For Today
Microeconomics: Private and Public Choice (MindTap Course List)
Understanding Management (MindTap Course List)
MACROECONOMICS FOR TODAY
Economics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)