Palestine Corporation has $800,000 of 6% preferred stock, and $3,200,000 of common stock outstanding, each having a par value of $10. No dividends have been declared for 2019 and 2020. As of 12/31/21, it is desired to distribute $360,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and participating up to 11% in total?
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- Information for.DRour (4).Questions. Spencer, Inc., has par value of P10 per share. No dividends have been paid or declared during 2019 and 2020. As of December 31, 2021, it is desired to distribute P500,000 in dividends. How much will the preference and ordinary shareholders receive under each of the following assumptions: of 8% preference shares and P1,200,000 of ordinary shares outstanding, each having a 21. The preferred is noncumulative and nonparticipating. 22. The preferred is cumulative and nonparticipating. 23. The preferred is cumulative and fully participating. 24. The preferred is cumulative and participating to 12% total.Rensing, Inc., has $800,000 of 4% preferred stock and $1,200,000 ofcommon stock outstanding, each having a par value of $10 per share. Nodividends have been paid or declared during 2019 and 2020. As ofDecember 31. 2021, it is desired to distribute $270,000 in dividends. Instructions:How much will the preferred and common stockholders receive under eachof the following assumptions: 1. The preferred is noncumulative and nonparticipating. 2. The preferred is cumulative and nonparticipating. 3. The preferred is noncumulative and fully participating. 4. The preferred is cumulative and fully participating. 5. The preferred is cumulative and participating to 7% total.Remington, Inc., has $800,000 of 4% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2017 and 2018. As of December 31, 2019, it is desired to distribute $270,000 in dividends. Can you please explain how much will the preferred and common stockholders receive under each of the following assumptions: (a) The preferred is noncumulative and nonparticipating. (b) The preferred is cumulative and nonparticipating.
- Venzuela Company's net income for 2020 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,000 shares of common were outstanding during 2020. The average market price of Venzuela's stock during 2020 was $20. Instructions a. Compute diluted earnings per share. (Round to nearest cent.) b. Assume the same facts as those assumed for part (a), except that the 1,000 options were issued on October 1, 2020 (rather than in 2019). The average market price during the last 3 months of 2020 was $20.Bridgeport Corporation has outstanding 10,700 shares of $100 par value, 6% preferred stock and 65,500 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Bridgeport declares a cash dividend of $325,000.(a) Assume that the preferred are noncumulative.How much dividend will the preferred stockholders receive? Preferred stockholders would receive $enter a dollar amount How much dividend will the common stockholders receive? Common stockholders would receive $enter a dollar amount (b) Assume that the preferred are cumulative.How much dividend will the preferred stockholders receive? Preferred stockholders would receive $enter a dollar amount How much dividend will the common stockholders receive? Common stockholders would receive $enter a dollar amountAyayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities outstanding were 1,040 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,900 shares of common were outstanding during 2020. The average market price of Ayayai’s stock during 2020 was $20.(a) Compute diluted earnings per share. Diluted earnings per share $
- Sage Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Sage declares a cash dividend of $281,000.(a) Assume that the preferred are noncumulative.How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ How much dividend will the common stockholders receive? Common stockholders would receive $ (b) Assume that the preferred are cumulative.How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ How much dividend will the common stockholders receive? Common stockholders would receive $Razi Co. had net income for 2021 of $300,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares. The average market price of the ordinary shares during the year was $36. What should Razi Co, report for diluted earnings per share for the year ended 2021? Select one: a.$1.50 $1.49 C.$1.42 d.1.43Pina Corporation has outstanding 9,100 shares of $100 par value, 6% preferred stock and 60,500 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Pina declares a cash dividend of $270,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? How much dividend will the common stockholders receive? (b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive? How much dividend will the common stockholders receive?
- Windsor Company’s net income for 2020 is $51,500. The only potentially dilutive securities outstanding were 900 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,700 shares of common were outstanding during 2020. The average market price of Windsor’s stock during 2020 was $18.(a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 900 options were issued on October 1, 2020 (rather than in 2019). The average market price during the last 3 months of 2020 was $18. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $Novak Company’s net income for 2020 is $594,000, and 91,000 shares of common stock were issued and outstanding during 2020. The only potentially dilutive securities outstanding were 26,000 executive stock options issued during 2019, each exercisable for one share at $19.50, none of these have been exercised. The average market price of Novak’s stock during 2020 was $25.00.(a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter a dollar amount rounded to 2 decimal places (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2020, with an exercise price of $26.00 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $28.50. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter the diluted earnings per share in dollar rounded to 2 decimal placesOn December 31, 2019 and 2020, Carr Company had outstanding 40,000 preference shares with P100 par value and 6% cumulative, and 200,000 ordinary shares with P10 par value. On December 31, 2020, dividends in arrears on the preference shares were P120,000. Cash dividends declared in 2020 totaled P440,000. What is the dividend payable on each class of share capital in 2020? Show your solution.
