Question: (please show work for all three) 1) A company issues 500,000 shares of preferred stock for $30 a share. The stock has a fixed annual

(please show work for all three)

1) A company issues 500,000 shares of preferred stock for $30 a share. The stock has a fixed annual dividend rate of 5% and a par value of $9 per share. The current price of the preferred stock is $ 32 a share. Preferred stockholders can anticipate receiving a per share annual dividend of:

2) A company issued 600 shares of $50 par value stock for $45,000. The total amount of contributed capital is:

3) A corporation declared and issued a 15% stock dividend on November 1. Prior to the dividend, the balance in retained earnings was $850,000, the number of shares of $5 par value stock issued and outstanding was 60,000, and the market value of the stock was $12. The amount of the change in total stockholders' equity as a result of recording this stock dividend is:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2021, its first year of...

A company issues 100, 000 shares of preferred stock for dollar 40 per share. The stock has a fixed dividend rate of 5 percentage and a par value of dollar 3 per share. The company records the...

A piece of equipment was acquired on January 1, 2015, at a cost of $36,000, with an estimated residual value of $5,000 and an estimated useful life of six years. The company uses the...

Having trouble with the diluted EPS. Please show work. On December 31, 2017, Dow Steel Corporation had 660,000 shares of common stock and 36,000 shares of 10%, noncumulative. nonconvertible preferred...

1. You have $20,000 to invest and you have decided to buy Shake Shack (SHAK) on margin. Your broker requires an initial margin of 60% and a maintenance margin of 40%. Currently, Shake Shack is...

please show work in excel 2. The Yakuza Corporation has 3 million shares of common stock outstanding with a current price of $26 and per share; 450,000 shares of preferred stock currently trading at...

Please show work On December 31, 2017 Berclair Inc. had 420 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1,...

SHOW WORK 1 - If a company has 100,000 shares of its $5 Cumulative Preferred Stock Outstanding, and it issues no dividend in its first year, $700,000 in dividends in its second year, and $1,800,000...

I need it fast please Part 1:Computations (15\%, 5 points each) Please compute the answers and show calculation process. 1. X Co. issued 200, 000 shares of coemon stock on January 1. 2019. On Feb 1....

Please provide all of the journal entries required, the following is a template: Penn company was formed on July 1 2016. It was authorized to issue 300.000 shares of $10 par value common stock, and...

Bonnies charitable contributions and AGI for the past four years were as follows: What is the amount of the charitable deduction for each year and the order in which the deduction and carryovers are...

Construct a frequency distribution table for the following set of scores. Include columns for proportion and percentage in your table. (show work) Scores: 2,7,5,3,2,9,6,1,1,2 3,3,2,4,5,2,5,4,6,5

Burberry's segment data shows accessories' revenue share increased, while licensing declined. Which statements explain this shift: ( i ) Accessories grew faster, reducing relative share of other...

Which project management tool uses the analogy "skateboard - bicycle - motorcycle - car"? Group of answer choices Scrum Waterfall Fate - Gate Star - gate

1. Many inspirational speakers attempt to take the audience on an emotional journey. They try to erase cynicism and complacency and get employees fired up about their jobs. Do you think organizations...

3. Would you like to work at a Stew Leonards retail store? Develop your rationale for employment or nonemployment.

2. Benoit Vincent was able to become a more effective manager after completion of certain personality profile instruments (the MBTI for example), participating in a series of one-on-one workplace...