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Required: 1-a. Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. Complete this question by entering your answers in the tabs below. Req 1A Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. Preferred Common Req 1B Total Case A $ 0 $ Case B 0 Case C $ 0

Required: 1-a. Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. Complete this question by entering your answers in the tabs below. Req 1A Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. Preferred Common Req 1B Total Case A $ 0 $ Case B 0 Case C $ 0

FINANCIAL ACCOUNTING
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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Requirement 1a-1b please!

ces Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2021: Common Stock (par $1; issued and outstanding, 460,000 shares) Preferred Stock, 9% (par $10; issued and outstanding, 18,700 shares) Retained Earnings On December 31, 2021, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2019 or 2020. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of 2021 dividends would be $22,000. Case B: The preferred stock is cumulative; the total amount of 2021 dividends would be $21,000. Dividends were not in arrears prior to 2019. Case C: Same as Case B, except the amount is $64,000. Required: 1-a. Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Preferred Common Total Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. $ Case A 0 $ Case B 1024 2025 O A 0 $ Case C L 16 S A 2015- $ 460,000 187,000 963,000 12 PREMA EVA 221 222 0
Transcribed Image Text:ces Carlos Company had the following stock outstanding and Retained Earnings at December 31, 2021: Common Stock (par $1; issued and outstanding, 460,000 shares) Preferred Stock, 9% (par $10; issued and outstanding, 18,700 shares) Retained Earnings On December 31, 2021, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2019 or 2020. Three independent cases are assumed: Case A: The preferred stock is noncumulative; the total amount of 2021 dividends would be $22,000. Case B: The preferred stock is cumulative; the total amount of 2021 dividends would be $21,000. Dividends were not in arrears prior to 2019. Case C: Same as Case B, except the amount is $64,000. Required: 1-a. Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of 2021 dividends per share payable to each class of stockholders for each case. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Preferred Common Total Compute the amount of 2021 dividends, in total, that would be payable to each class of stockholders if dividends were declared as described in each case. $ Case A 0 $ Case B 1024 2025 O A 0 $ Case C L 16 S A 2015- $ 460,000 187,000 963,000 12 PREMA EVA 221 222 0
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