Arp Corp!'s outstanding capital stock at December 15, 20X5 consisted of the following:●30,000 shares of 5% cumulative preferred stock, par value $10 per share, fully participating as to dividends. No dividendswere in arrears.200,000 shares of common stock, par value $1 per share.On December 15, 20X5, Arp declared dividends of $100,000. What was the amount of dividends payable to Arp's commonstockholders?O $40,000O $34,000O $47,500O $10,000

calculation of dividend payable to Arp's common stock holders are as follows

Answered: Arp Corp.'s outstanding capital stock…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
Loudoun Corporation's balance sheet reflected the following information. Common stock, $2 par Paid-in capital in excess of par - Common Required: Assuming all the stock was issued in a single transaction, what was the issue price per share of the stock? Note: Round your answer to 2 decimal places. Issue price $153,000 212,000 per share
The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,070,000 shares authorized, 1,310, 000 shares issued, 1,050,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.27 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares
Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for OMR 11.50 per share. Common stock, OMR 5 par, 100,000 shares authorized, 40,000 shares issued OMR 200,000 Paid in capital in excess of par—common 120,000 Retained earnings 290,000 Total stockholders' equity OMR 610,000 If the company declared and issued 10% stock dividend? What will the number of issued shares Select one: a. 20,000 shares b. 44,000 shares c. 40,000 shares d. 4,000 shares
Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.50 per share. $755,000 Common Stock, $5 par, 326,000 shares authorized, 151,000 shares issued and outstanding Paid In Capital in Excess of Par-Common 131,000 306,000 $1,192,000 Retained Earnings Total Stockholders' Equity After a 2-for- 1 stock split, what is the number of issued shares? OA. 262,000 OB. 282,000 OC. 131,000 OD. 302,000
The balance sheet caption for common stock is: Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, and 5,500,000 shares outstanding. a. Calculate the dollar amount that will be presented opposite of this caption. b. Calculate the total amount of a cash dividend of $1.00 per share.c. What accounts for the difference between issued shares and outstanding shares?
Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000 issued, $3 par ? Paid-In Common Stock 93,000 Less: Treasury Stock, 5000 shares (15,000) Retained Earnings 40,000 Assume that Company E pays a $1 per share dividend to its common shareholders. What would be the ending balance in Retained Earnings after the dividend was paid?
The following information is available for Metloc Rock Corporation: Common Stock ($5 par) $1,620,000 Retained Earnings 1,205,000 An 17% stock dividend is declared and paid when the market value was $12 per share. Compute total stockholders' equity after the stock dividend. Total Stockholders' Equity
Ramos Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $18.00 per share. Common Stock, $5 par, 194,000 shares authorized, 143,000 shares issued and outstanding $715,000 Paid-In Capital in Excess of Par—Common 130,000 Retained Earnings 301,000 Total Stockholders' Equity $1,146,000 After the declaration and distribution of a 12% stock dividend, what is the total number of common shares issued?
The stockholders' equity section of Sheffield Corporation consists of common stock ($10 par) $2,000,000 and retained earnings $519,000. A 10% stock dividend (20,000 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) (b) (c) The components of stockholders' equity. Shares outstanding. Par value per share. Stockholders' equity $ Outstanding shares Par value per share LA $ Before Dividend $ LA LA After Dividend
Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5 par, 100,000 shares authorized, 40,000 shares issued $200,000 Paid in capital in excess of par- common 120,000 Retained earnings 290,000 Total stockholders' equity $610,000 What would be the balance in the Common stock account after the issuance of a 10% stock dividend?
C&S Corp. issued 66 shares of its $1 par value common stock for $11 per share. Issue costs were $86 What amount would they record as Additional Paid-In Capital-Common Stock? Type your answer.....

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