Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 61,000...

  

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Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 61,000 shares 5,500 shares $1 par value $60 par, $3 dividend The amount available for dividends this year is $56,760. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places. Nguyen Company Dividend Allocation Total amount available for dividends $ Dividends to preferred stock: 5,500 shares Amount available for common stock $ Dividends per share: Preferred stock Common stock Situation 2 Bell Company has the following stock outstanding: Common Stock Preferred Stock 61,000 shares $1 par value Cumulative: 2,300 shares $50 par, $2 dividend Noncumulative: 3,200 shares $50 par, $2 dividend No dividends were declared in year 1 of operation. In year 2, there is $35,730 available for dividends. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places. Bell Company Dividend Allocation Total amount available for dividends Dividends to preferred stock: Cumulative: From prior year 2,300 shares Current year 2,300 shares Total cumulative preferred stock dividends Noncumulative: 3,200 shares Total preferred stock dividends Amount available for common stock Dividends per share: Preferred cumulative: Preferred noncumulative: Common stock: 00000 Dividend Allocations Situation 1 Nguyen Company has the following stock outstanding: Common Stock Preferred Stock 61,000 shares 5,500 shares $1 par value $60 par, $3 dividend The amount available for dividends this year is $56,760. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places. Nguyen Company Dividend Allocation Total amount available for dividends $ Dividends to preferred stock: 5,500 shares Amount available for common stock $ Dividends per share: Preferred stock Common stock Situation 2 Bell Company has the following stock outstanding: Common Stock Preferred Stock 61,000 shares $1 par value Cumulative: 2,300 shares $50 par, $2 dividend Noncumulative: 3,200 shares $50 par, $2 dividend No dividends were declared in year 1 of operation. In year 2, there is $35,730 available for dividends. Prepare the dividend allocation between the preferred and common shares in total and per share. If required, round per share amounts to two decimal places. Bell Company Dividend Allocation Total amount available for dividends Dividends to preferred stock: Cumulative: From prior year 2,300 shares Current year 2,300 shares Total cumulative preferred stock dividends Noncumulative: 3,200 shares Total preferred stock dividends Amount available for common stock Dividends per share: Preferred cumulative: Preferred noncumulative: Common stock: 00000

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Situation 2 Bell company Dividend allocation Total amount available for di... View the full answer