Sunland Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par valuepreferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cashdividends: 2021, $4,800; 2022, $13,600; and 2023, $29,000.(a)Your answer is correct.Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative.Allocation to preferred stockAllocation to common stockA20214,8000LA20227,0006,60020237,00022,000 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative.Allocation to preferredstockAllocation to commonstockA2021pALA20222023

Introduction:- Shares are mainly classified into two types as follows under:- 1)Common shares…

Answered: Allocation to preferred stock $ 2021…

Business

Accounting

Allocation to preferred stock $ 2021 4,800 $ 2022 7,000 $ 2023 7,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ll alfa 3G * Required e 9:32 am On November 1, 2020, XYZ Co. declares a 15% stock dividend on its 150,000 shares of $5 par value common stock outstanding, at that date the stock fair market value was $9. In the declaration entry, Common Stock Dividend Distributable amount is: * Debit $112,500 Debit $202,500 O Credit $112,500 Credit $202,500 O None of the above
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A B C D Stock Edita Telecom Egypt CIB Remco Price on April 7th 8 EGP 14.8 EGP 70.25 EGP 3.09 EGP Anticipated price on July 7th 11.35 EGP 11.25 EGP 55.75 EGP 4.13 EGP Dividends during period 2 EGP per share zero 3 EGP per share zero Number of shares invested 100 80 50 100 Assume that the investor chooses to hold stock A longer. The investor has a margin account, where the maintenance margin is 30%, initial margin is 45%. Suppose that the price of the stock then declines by 10%. a. Would the account then be restricted? Explain your answer and what that would mean. b. Does your account require a margin call if not, then at what price would a margin call be required? If YES move on to part C c. If your account now requires margin call then how much cash would you need to add?
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E briNS60 A2 Fall 2021-2022 A docs.google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmofzSg/formResponse?pli= Paused 6. If a company repurchased its own stocks, the result on cash flow will be: * A) Increased Equity B) Increased Liabilities C) Decreased Cash O D) Increased Cash O E) None of the above. 7. Cash from operating activities will increase due to: O A) Increase in Current Assets. O B) Decrease in Current Liabilities O C) Both (A) and (B) D) None of the above. 8. In which part of the cash flow statement will you show the repayment of long- 10:01 AM term loans? OD d ENG 22-Dec-2021 O 0 O O O
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