Question
In: Accounting
A company had stock outstanding as follows during each of its first three years of operations:...
A company had stock outstanding as follows during each of its first three years of operations: 2,000 shares of 9%, $100 par, cumulative preferred stock and 36,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. Enter "0" if no dividends are paid.
|
Preferred |
Common |
||||
|
Year |
Dividends |
Total |
Per Share |
Total |
Per Share |
| 1 | $13,500 | $ | $ | $ | $ |
| 2 | 18,000 | $ | $ | $ | $ |
| 3 | 38,880 | $ | $ | $ | $ |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
A company had stock outstanding as follows during each of its first three years of operations:...
A company had stock outstanding as follows during each of its
first three years of operations: 3,000 shares of 10%, $100 par,
cumulative preferred stock and 51,000 shares of $10 par common
stock. The amounts distributed as dividends are presented below.
Determine the total and per-share dividends for each class of stock
for each year by completing the schedule. If necessary, round
dividends per share to the nearest cent. If your answer is zero,
please enter "0".
PreferredCommon
YearDividendsTotalPer ShareTotalPer...
A company had stock outstanding as follows during each of its first three years of operations:...
A company had stock outstanding as follows during each of its
first three years of operations: 4,000 shares of 8%, $100 par,
cumulative preferred stock and 34,000 shares of $10 par common
stock. The amounts distributed as dividends are presented below.
Determine the total and per-share dividends for each class of stock
for each year by completing the schedule. Round dividends per share
to the nearest cent. Enter "0" if no dividends are paid.
Preferred
Common
Year
Dividends
Total
Per...
A company had stock outstanding as follows during each of its first three years of operations:...
A company had stock
outstanding as follows during each of its first three years of
operations: 1,000 shares of 7%, $100 par, cumulative preferred
stock and 51,000 shares of $10 par common stock. The amounts
distributed as dividends are presented below. Determine the total
and per-share dividends for each class of stock for each year by
completing the schedule. Round dividends per share to the nearest
cent. Enter "0" if no dividends are paid.
Preferred
Common
Year
Dividends
Total
Per...
A company had stock outstanding as follows during each of its first three years of operations:...
A company had stock outstanding as follows during each of its
first three years of operations: 3,000 shares of 7%, $100 par,
cumulative preferred stock and 34,000 shares of $10 par common
stock. The amounts distributed as dividends are presented below.
Determine the total and per-share dividends for each class of stock
for each year by completing the schedule. Round dividends per share
to the nearest cent. Enter "0" if no dividends are paid.
year 1 15750
year 2 21000...
During its first year of operations, Grouper Corp. had these transactions pertaining to its common stock....
During its first year of operations, Grouper Corp. had these
transactions pertaining to its common stock.
Jan. 10
Issued 25,600 shares for cash at $4 per share.
July 1
Issued 53,000 shares for cash at $8 per share.
(a)
Journalize the transactions, assuming that the common stock has
a par value of $4 per share.
(b)
Journalize the transactions, assuming that the common stock is
no-par with a stated value of $2 per share.
1. A company had the following purchases during its first year of operations:
1. A company had the following purchases during its first year
of operations:PurchasesJanuary:11 units at $121February:21 units at $131May:16 units at $141September:13 units at $151November:11 units at $161On December 31, there were 31 units remaining in ending inventory.
These 31 units consisted of 3 from January, 5 from February, 7 from
May, 5 from September, and 11 from November. Using the specific
identification method, what is the cost of the ending
inventory?2. During the first week of January, an employee...
A company had the following purchases and sales during its first month of operations: January 1:
A company had the following purchases and sales during its first month of operations:
January 1: Purchased 10 units at $400 per unit; January 9: Sold 6 units at $1200 per unit; January 17: Purchased 8 units at $550 per unit; January 27: Sold 7 units at $1200 per unit
Using the Periodic weighted average method, what is the value of cost of goods sold? (Round weighted average cost per unit to 2 decimal places)
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
10 units at $120
6 units
February:
20 units at $125
5 units
May:
15 units at $130
9 units
September:
12 units at $135
8 units
November:
10 units at $140
13 units
On December 31, there were 26 units remaining in ending
inventory. Using the Perpetual FIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
22
units at $180
14
units
February:
32 units at
$185
12 units
May:
27 units at
$190
16 units
September:
24 units at
$195
15 units
November:
22 units at
$200
28 units
On December 31, there were 42 units remaining in ending
inventory. Using the Perpetual LIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
The Craft company had the following transactions and events during its first year of operations. Estimated...
The Craft company had the following transactions and events
during its first year of operations. Estimated overhead for the
year was $770,000; estimated direct labor cost for the year was
$350,000.
Required: Prepare the journal entries to record the following
transactions for the year.
a. Purchased materials on account: $567,000
b. Requisitioned materials for production as follows: direct
materials - 85% of purchase indirect materials - 12% of
purchases
c. Direct labor for production is $331,000, indirect labor is
$125,000...
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