Unit 5 Assignment 4 Dividend in Arrears

This assessment addresses the following course objective(s):

Analyze balance sheet equity entries.

Account for various transactions using industry-standard accounting software.

This assignment will show you the accounting changes that occur in the equity section of the balance sheet when the company is unable to pay cumulative preferred dividends.

unit 5 assignment 4 dividend in arrears

This assessment addresses the following course objective(s):

Analyze balance sheet equity entries.

Account for various transactions using industry-standard accounting software.

This assignment will show you the accounting changes that occur in the equity section of the balance sheet when the company is unable to pay cumulative preferred dividends.

this all the information that i got for this assignment

Dividends in arrears Use the following information for Portland Corporation to calcuate Equity data Portland Corporation Market price $85 Par Value Shares out 1,000 4,000 5% Preferred stock Common stock Retained earnings Cumulative S? Total SS 50,000 80,000 150,000 280,000 1 Current Common Market Price: 2 What is the par value for the preferred stock? What is the par value for the common stock? 3 What is the book value of Preferred and Common if 2 years of dividends are in arrears? a. Dividends in arrears par value div per share dividend % ann div per share shares 1 yr div in arrears years in arrears Dividend in arrears b. Preferred stock Book Value per share Preferred Stock Equity Dividend in arrears $ Total Preferred Equity $ Preferred Book value per share Total Preferred Stock Equity #shares outstanding c. Common stock book value per share Common Equity $ Retained earnings - Dividend in arrears $ Total Common Equity $ Common Book value per share Total Common Equity #shares outstanding Dividends in arrears Use the following information for Portland Corporation to calcualte Equity data. Portland Corporation Market price $85 Par Value S? S? Shares out 1.000 4.000 Preferred stock Common stock Retained earnings 5% Cumulative Total SS 50,000 80,000 150,000 280,000 1 Current Common Market Price: 2 What is the par value for the preferred stock? What is the par value for the common stock? 3 What is the book value of Preferred and Common if 2 years of dividends are in arrears? a. Dividends in arrears par value div per share dividend % ann div per share #shares 1 yr div in arrears years in arrears Dividend in arrears b. Preferred stock Book Value per share Preferred Stock Equity s Dividend in arrears $ Total Preferred Equity Preferred Book value per share Total Preferred Stock Equity S # shares outstanding c. Common stock book value per share Common Equity S Retained earnings - Dividend in arrears S Total Common Equity S Common Book value per share Total Common Equity S # shares outstanding