CHP#11_6 Dividend Distribution Ryan Corporation began business on March 1, 2016. At that time, it issued 20,000 shares of $60 par value, seven percent cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of 2018, there had been no change in the number of preferred and common shares outstanding. Required a. Assume that Ryan declared dividends of $0 in 2016, $195,000 in 2017, and $200,000 in 2018. Calculate the total dividends and the dividends per share paid to each class of stock in 2016, 2017, and 2018. Round to two decimal places. b. Assume that Ryan declared dividends of $0 in 2016, $90,000 in 2017, and $190,000 in 2018. Calculate the total dividends and the dividends per share paid to each class of stock in 2016, 2017, and 2018. Round to two decimal places.

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usiness AccountingQ&A LibraryWeisberg Corporation has 10,000 shares of $100 par value, 6%, preference shares and 50,000 ordinary shares of $10 par value outstanding at December 31, 2020. Instructions Answer the questions in each of the following independent situations. a.    If the preference shares are cumulative and dividends were last paid on the preference shares on December 31, 2017, what are the dividends in arrears that should be reported on the December 31, 2020, statement of financial position? How should these dividends be reported? b.    If the preference shares are convertible into seven shares of $10 par value ordinary shares and 3,000 shares are converted, what entry is required for the conversion, assuming the preference shares were issued at par value? c.    If the preference shares were issued at $107 per share, how should the preference shares be reported in the equity section? Weisberg Corporation has 10,000 shares of $100 par value, 6%, preference shares…

Exercise 6.3 The shareholders' equity of Crystal Company includes the items shown below. The board of directors of Crystal declared cash dividends of OMR 3 million, OMR 6 million, and OMR 20 million in each of its first 3 years of operation: 2017, 2018, 2019, respectively. Common stock, OMR 1 par, 50,000,000 shares outstanding Preferred stock, 5%, OMR 50 par, 2,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preference shares are cumulative

QUESTION 20 The shareholders' equity section of Jason Company as of December 31, 2017, was as follows: Common stock $180,000 Additional paid-in capital (Common stock) 110,000 Retained earnings 160,000 Total shareholders' equity $450,000   . On January 15, the company repurchased 1,500 shares of its own common stock at $60 to hold as treasury stock. Which of the following would be included in the journal entry recorded on January 15?     A credit to Retained Earnings for $90,000     A debit to Cash for $90,000     A debit to Treasury Stock for $90,000     A debit to Common Stock for $90,000     None of these choices is correct.

Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows:   Preferred Stock Paid-InCapital—Preferred Common Stock Paid-InCapital—Common Retained Earnings Balance, Jan. 1 $100,000 $50,000 $400,000 $40,000 $200,000 Stock issued     100,000 10,000   Net income         65,000 Cash dividend         -46,000 Stock dividend 10,000 5,000     -15,000 Balance, Dec. 31 $110,000 $55,000 $500,000 $50,000 $204,000 Divac’s preferred stock is $100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to $120 per share. There are no dividends in arrears on the stock. The common stock has a par value of $10 per share. Assume that the common stockholders have a right to the total net income of $65,000. Required: 1.  Determine the dividend payout ratio for the common stock. Round the payout ratio to four decimal places, but enter as a percentage to two decimal places. For example, .34678…

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