Required informationUse the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.]Year 1 total cash dividendsYear 2 total cash dividendsYear 3 total cash dividendsYear 4 total cash dividends$ 17,70026,000215,000365,000Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2York's outstanding stock consists of 70,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 230,000 shares ofcommon stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cashdividends:Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.Par Value perPreferredShareDividend RateDividend perPreferredNumber ofPreferredPreferredDividendShareSharesAnnual Preferred Dividend:Dividends inTotal CashDividend PaidPaid toPreferredPaid toCommonArrears atyear-endYear 1$17,700Year 226,000Year 3215,000Year 4365,000Totals$623,700 $0$0

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Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.1E

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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 ork's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tal cash dividends: etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. ote: Round your "Dividend per Preferred Share" answer to 3 decimal places. nnual Preferred Dividend: ear 1 ear 2 ear 3 ear 4 otal: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 13,000 22,000 250,000 400,000 Dividend Rate 13,000 22,000 250,000 400,000 685,000 $ $…
Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial). ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital $ 4,300 13,000 293,600 310,900 271,000 (180,000) Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity $ 401,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 4. If retained earnings at the beginning of the period was $233 million and $13 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).) Net income million
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 270,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ $ 23,000 31,700 235,000 385,000 Dividend Rate 23,000 31,700 235,000 385,000 674,700 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares…
[The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (S and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) $ 988,400 Treasury stock, 12,000 common shares Total stockholders equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4A Part 4 4. If retained earnings at the beginning of the period was $248 million and $28 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.., 5,000,000 should be entered as 5).) Net income million
Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 170,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ $ 10,700 20,500 290,000 440,000 10,700 20,500 290,000 440,000 761,200 Dividend Rate Paid to Preferred Dividend per Number of Preferred Preferred Share Shares Paid to Common Dividends in Arrears at year-end…
Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $6,000,000 30,000,000 1,164,000,000 1,200,000,000 288,000,000 (352,000,000) $1,136,000,000 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 5. What was the average cost per share of the treasury stock acquired? Average cost per share
[The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (Sand shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) 988,400 rnings Treasury stock, 12,000 common shares Total stockholders' equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4A Part 5 5. What was the average cost per share of the treasury stock acquired? Average cost per share
Required information [The following information applies to the questions displayed below.] Green Planet Corporation has 5,800 shares of noncumulative 12% preferred stock with a $2 par value and 21,500 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends $ 820 2,150 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Cumulative Preferred Common Year 1 Year 2
Required information [The following information applies to the questions displayed below.] Green Planet Corporation has 5,800 shares of noncumulative 12% preferred stock with a $2 par value and 21,500 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends $ 820 2,150 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 1 Year 2 Noncumulative Preferred Common
Required information [The following information applies to the questions displayed below.] Year 1 Year 2 Green Planet Corporation has 4,300 shares of noncumulative 14% preferred stock with a $2 par value and 17,100 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Noncumulative Preferred $ 870 $ Common $ 870 1,710 0
Diva, Inc. recorded the following capital stock transactions: Balance Sheet Assets = Liabilities + Stockholders' Equity Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock |(1) 1,092,500 115,000 977,500 |(2) (61,600) (61,600) (3) 49,920 42,240 7,680 Use the following additional information about the above transactions when answering questions a through e. (1) issued common stock for $19 cash per share (2) purchased treasury shares at $22 per share. (3) sold some of the treasury shares: a. How many shares were originally issued? b. What was the par value of the shares issued? $ c. How many shares of treasury stock were acquired? d. How many shares of treasury stock were sold? e. At what price per share was the treasury stock sold? $
Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends. Year 4 total cash dividends Company's outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Par Value per Preferred Share $ 17,700 26,000 215,000 365,000 Total Cash Dividend Paid $ 17,700 26,000 215,000 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend

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