3. On January 1, 2011 a company had the following data. - issued 10,000 shares of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
3. On January 1, 2011 a company had the following data. - issued 10,000 shares of $2.00 par value common stock for $12.00 per share - issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share - purchased 1,000 shares of previously issued common stock for $15.00 per share The company had the following dividend information available: 2011 - No dividend paid 2012 Paid a $2,000 total dividend 2013 - Paid a $17,000 total dividend 2014 - paid a $32,000 total dividend Using the following format, fill in the correct values for each year, 2011 2012 2013 2014 Common stock dividend Preferred stock dividend Dividends in arrears Preferred Dividend per Share Common Dividend per Share 3. On January 1, 2011 a company had the following data. - issued 10,000 shares of $2.00 par value common stock for $12.00 per share - issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share - purchased 1,000 shares of previously issued common stock for $15.00 per share The company had the following dividend information available: 2011 - No dividend paid 2012 Paid a $2,000 total dividend 2013 - Paid a $17,000 total dividend 2014 - paid a $32,000 total dividend Using the following format, fill in the correct values for each year, 2011 2012 2013 2014 Common stock dividend Preferred stock dividend Dividends in arrears Preferred Dividend per Share Common Dividend per Share
Expert Answer:
Answer rating: 100% (QA)
During 2011 January Previously issued Shares Repurchased 1000 Preference Shares So Remaining Sha... View the full answer
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Posted Date:
Students also viewed these accounting questions
-
A company had the following transactions during its most recent fiscal period: 1. Paid rent of $39,000 during the year which included $3,000 for the first month of next year. 2. Paid $11,700 of...
-
A company had the following transactions during its most recent fiscal period: 1. A total of 5,000 shares were issued at $30 per share. 2. Equipment worth $120,000 was purchased for $80,000 cash and...
-
A company had the following beginning inventory and purchases during January for a particular item. On January 28, 345 units were sold. What is the cost of the 140 units that remain in the ending...
-
9. Let x = (1.11... 111000...) 26, in which the fractional part has 26 1's followed by O's. For the Marc-32, determine x, x+, f(x), x-xx-x, xx, and lx-fl(x)/x.
-
Given the following situation: Draw the minimum variance curve and efficient frontier in expected return standard deviation space. Be sure to give the coordinates of all key points. Draw the security...
-
A 1.509-g sample of a Pb/Cd alloy was dissolved in acid and diluted to exactly 250.0 mL in a volumetric flask. A 50.00-mL aliquot of the diluted solution was brought to a pH of 10.0 with a NH4+/NH3...
-
Verify that the fluctuating component of velocity (2D assumption) satisfies the following equation: \[\begin{equation*}\frac{\partial v_{x}^{\prime}}{\partial x}+\frac{\partial...
-
One year ago, your company purchased a machine used in manufacturing for $110,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $150,000...
-
Sing Ltd is investing $600 million in a new manufacturing facility which will increase their capacity by 75%. The resultant present value of future net cash flows is estimated to be $850 million....
-
Use Solver to create Answer and Sensitivity Reports for question 15 at the end of Chapter 2 and answer the following questions: a. How much excess wiring and testing capacity exists in the optimal...
-
1. Two projects being considered are mutually exclusive and have the following projected cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$50,000 -$ 50,000 1 15,990 0 2 15,990 0 15,990 0 4...
-
Murray wants to "pension share" his RRIF payments with Mabel since Mabel is in a much lower tax bracket than Murray. When can Murray implement this strategy?
-
Gertrude contributes an office & its loan balance to Star Wars Partnership. Kendra contributes a hotel & its loan balance to Star Wars Partnership. Gertrude's Original Asset (Office): $4,500,000 FMV...
-
Assume the following facts regarding Granite Corporation and Alex Baldwin, one of its shareholders: $0 Granite Corporation's Accumulated E&P $2,000,000 Granite Corporation's Current E&P 4,000 Total...
-
Analyze how Crazy Eddie's fictitious purchase discounts affected the company's profit on the income statement. Construct example of the effect on the income statement. Examine how the premature...
-
would all the income be taxed under the other taxes rates chart or just the qualified income? describe detail.
-
1. Differentiate Main and main in the program 2. Identify method and parameter from the code below 3. Write the output of the program below class Main { public static int square(int num) { return num...
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
Crystal Gems Company issued 10-year, 6% bonds on January 1, 2011. These bonds pay interest every June 30 and December 31. A partial amortization table follows: Required: a. Calculate the face value...
-
Explain why closing entries are made, by stating the two objectives that are accomplished by making closing entries.
-
On July 1, 2011, Silver Stone Company purchased equipment for a cost of $450,000 with an expected useful life to 15 years and an anticipated residual value of $30,000. This is the company's only...
-
The circuit diagram for a rectifier is sometimes drawn with a resistor in the center. Would the rectifier function if this resistor were replaced by a capacitor?
-
The rectifier shown in Figure P32.28 converts the alternating emf from an \(\mathrm{AC}\) source to a positive-only potential difference from a to \(\mathrm{b}\). Sketch graphs showing \((a)\) the...
-
The logic gate in Figure P32.30 contains four field-effect transistors. Each of the gates A-D of the transistors may be positively biased ( \(\mathrm{Y}\) in the table) or not ( \(\mathrm{N}\) in the...
Study smarter with the SolutionInn App