Outstanding stock of the Sheridan Corporation included 41400 shares of $5 par common stock and 9600 shares of 7%, $10 par noncumulative preferred stock. In 2019, Sheridan declared and paid dividends of $4400. In 2020, Sheridan declared and paid dividends of $12200. How much of the 2020 dividend was distributed to preferred shareholders? O $7680 O $5480 O $6720 O None of these answer choices are correct

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Splish Brothers Inc. has 10,800 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021.If Splish Brothers wants to pay $395,000 of dividends in 2022, what amount of dividends will common stockholders receive? Dividends allocated to common stock   $enter Dividends allocated to common stock in dollars

BABA Company has 2,000 shares of 5%, P100 par non-cumulative preference share outstanding at December 31, 2020. No dividends have been paid on this share for 2019 or 2020. Compute the dividends in arrears at December 31, 2020.a. 0b. 120,000c. 360,000d. 480,000

Current Attempt in Progress Your answer is incorrect. At January 1, 2020, Larkspur Company's outstanding shares included the following. 258,000 shares of $50 par value, 7% cumulative preferred stock 812,000 shares of $1 par value common stock Net income for 2020 was $2,521,000. No cash dividends were declared or paid during 2020. On February 15, 2021, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020. On April 1, 2020, 408,000 shares of common stock were sold for $10 per share, and on October 1, 2020, 106,000 shares of common stock were purchased for $20 per share and held as treasury stock. Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $

Nathan's Athletic Apparel has 1,100 shares of 6%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $15,000 in 2021.1. & 2. How much of the $15,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative?

Outstanding stock of the Nash's Trading Post, LLC included 30000 shares of $5 par common stock and 8000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Nash's declared and paid dividends of $3000. In 2020, Nash's declared and paid dividends of $9000. How much of the 2020 dividend was distributed to preferred shareholders? $5000. $7000. $4000. None of these answer choices are correct.

At December 31, 2019, Coriander Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,382 shares   $10,838,200 Common stock, $5 par, 4,028,120 shares   20,140,600 During 2020, Coriander did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes   $23,047,100   Discontinued operations (loss before taxes)   $3,399,700   Preferred dividends declared   $1,083,820   Common dividends declared   $2,390,900   Effective tax rate   35 % Compute earnings per share data as it should appear in the 2020 income statement of Coriander Corporation.

Question-based on, "Preferred shareholders".   I have tried it but no luck so far.   Any help would be appreciated.

Question-based on, "Distributed to preferred stockholders".   I have tried it but no correct yet.   Any help would be appreciated.