A corporation has 100,000 shares of 4% preferred stock outstanding. Also, thereare 100,000 shares of common stock outstanding. Par value for each is $100. If a $825,000dividend is paid, how much goes to the preferred stockholders?a. Noneb. $400,000c. $412,500d. $33,000e. $825,000

A corporation has 71,868 shares of $36 par stock outstanding that has a current market value of $312 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a.$17,967 b.$9 c.$78 d.$276

Andrews Company has $95,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding. The preferred stock is selling for $100 per share, and the common stock is selling for $20 per share. Required 1. Determine the amount of dividends to be paid to each class of shareholder for each of the following independent assumptions. If an amount box required no entry, leave it blank. a. Preferred stock is nonparticipating and noncumulative.

5. The Preferred Shares account has a balance of $100,000. There are 500 convertible preferred shares, each convertible to 4 common shares. On a day that the preferred shares have an average cost of $200 and a market value of $230, one half of the preferred shares are converted to common shares. Common shares are trading at $60. Which statement is true? a. Retained Earnings will be debited by $2,500. b. The Common Shares account will be credited for $50,000. C. An income statement account, Loss on Conversion, will be debited by $2,500. d. The Common Shares account will be credited for $60,000.