Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: Ontario Manufacturing has

Question:

Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019:

A1 1 Stockholders' Equity 2 Preferred stock, cumulative, $4.00 par, 5%, 70,000 shares issued 3 Common stock,

Ontario Manufacturing has paid all preferred dividends only through 2015.

Requirement
Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $90,000 in 2018 and $189,000 in 2019.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

See More Books

Question Posted: Jun 18, 2019 11:14 AM

See More Questions

Alabama Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015: Stockholders Equity Preferred stock, cumulative, $1.00 par, 5%, 90,000 shares issued .... $ 90,000...
Mississippi Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015: Stockholders Equity Preferred stock, cumulative, $2.00 par, 6%, 70,000 shares issued .... $ 140,000...
Supreme Manufacturing, Inc., reported the following at December 31, 2016, and December 31, 2017: Supreme Manufacturing has paid all preferred dividends through 2013. Requirement 1. Compute the total...
Suppose that a 7% semi-annual coupon bond with a time to maturity of 8 years and a par value of $100 has a price of $106,4. This bond is first callable in 6 years at a redemption price of $104,8....
In each part, classify the quadratic form as positive definite, positive semidefinite, negative definite, negative semidefinite, or indefinite. (a) x21 + x22 (b) (x1 - x2)2 (c) x21 - x22
Solve the given problems by determinants, set up appropriate systems of equations. All numbers are accurate to at least two significant digits. A person spent 1.10 h in a car going to an airport,...
Copy your worksheet from Question 6 into another worksheet. Change the increase from 10% to 18%. Protect the worksheet, so that changes cannot be made. Question 6 Open a new spreadsheet. Type...
Strum Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Claire Strum, the company's sales...
In late 2007, some observers were concerned that the U.S economy was experiencing a dangerous combination or reduced output growth (resulting in increased unemployment) and higher inflation, as had...
The following data show how the marginal external benefit and marginal private benefit associated with a soil treatment agent to control Japanese beetles vary with the gallons of the control agent...
Omega Products Company reported the following stockholders equity on its balance sheet: Requirements 1. What caused Omegas preferred stock to decrease during 2019? Cite all possible causes. 2. What...
The stockholders equity section of the balance sheet for Warren Corporation on August 16, 2019, follows: On August 16, 2019, the market price of Warren common stock was $20 per share. Warren declared...
$2000 will be contributed to an RRSP at the end of every six months for 20 years. What effective rate of return must the funds in the plan earn if it is to be worth $250,000 at the end of the 20...
How does the threat of new entrants have the potential to suppress an industrys profitability?
Describe the keys to effective new product and service development.
List three reasons firms work hard to achieve market leadership.
Describe the purpose of a mission statement.
Describe the characteristics of a mature industry. What is the primary opportunity for new firms in a mature industry?
The following material represents the cover page and summary of the prospectus for the initial public offering of the Pest Investigation Control Corporation (PICC), which is going public tomorrow...
State whether each of the following will increase or decrease the power of a one-way between-subjects ANOVA. (a) The effect size increases. (b) Mean square error decreases. (c) Mean square between...
Kiram Corporation purchased machinery on January 1, 2012, at a cost of $350,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of...
Paulson Corporation??s unadjusted trial balance at December 1, 2012, is presented below. The following transactions occurred during December.Dec. 2 Paulson purchased equipment for $16,000, plus sales...
Refer to the financial statements and the Notes to Consolidated Financial Statements of Tootsie Roll Industries in Appendix A. Instructions Answer the following questions. (a) What were the total...
Balance at beginning of the year: $ 52 comma 000 bullet Purchased goodwill during the year for $ 18 comma 500. bullet Sold various intangible properties included in class 14.1 for $ 13 comma 000...
Doobey, Incorporated, has just formed a new division, and the following four investment opportunities are available to the division. The firm requires a minimum return of 8 percent. Investment...
If I want to buy a $500,000 and can get a 30-year mortgage with an APR = 3.5%, what would my monthly payments be? If I can get a 15 year mortgage for 2.5%, how much would I save? I've checked with my...

Ontario Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: Ontario Manufacturing has

Question:

A1 1 Stockholders' Equity 2 Preferred stock, cumulative, $4.00 par, 5%, 70,000 shares issued 3 Common stock, $0.05 par, 9,250,000 shares issued 4 $ B 280,000 462,500

Step by Step Answer:

Preferred Common Total 2018 Total dividend 90000 Preferred dividends in arrears 2016 70000 ...View the full answer

Financial Accounting

Students also viewed these Business questions