Kaldi Company has 20.000 shares of $10 par value, 5 cumulative preferred stock and 200,000 shares of $20 par value common stock outstanding, The company paid total cash dividends of $8,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: OA $10.000. O B. $12,000. OC. S8.000. D.$2.000.

XYZ Company has 100,000 shares of stock outstanding. On January 1, 200X XYZ Company declared a cash dividend of .50 per share to be paid on January 31. On January 1 XYZ Company will make the following journal entry: Credit cash $50,000and debit dividends declared $50,000. Debit dividends declared $50,000 and credit dividends payable $50,000. No entry is made until January 31.  Debit cash $50,000 and credit dividends payable $50,000.

Master Company has 10,000 preferred shares with 2% cumulative dividends with a par value per share of $ 50 and 25,000 common shares at $ 75 par. The company declares the following cash dividends: Year 1 $ 30,000 Year 2 6,000 Year 3 80,000 Required: Determine the dividends for the preferred and common shares for each year. Present your answer graphically and clearly.

Wildcat, Inc. declared a 10% stock dividend when it had 250,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The entry to record the stock dividend would include a credit to: O Common Stock $250.000. O Retained Earnings $250,000. O Retained Earnings $25,000. O Additional Paid in Capital $250,000. O None of the above.