Requirement 1. Precious Metal declares cash dividends of $38,000 for 2024. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? Precious Metal's dividend would be divided between preferred and common stockholders in this manner: Total Dividend Dividend to preferred stockholders: Dividend in arrears Current year dividend Total dividend to preferred stockholders Dividend to common stockholders

Share Capital – Preference:5%, $100 par value, noncumulative,100,000 shares authorized,60,000 shares issued and outstanding Share Capital – Ordinary:$1 par value, 10,000,000 shares authorized,6,000,000 shares issuedand 5,970,000 shares outstanding A cash dividend was declared for preference shares and a cash dividend of$0.03 per share was declared for ordinary shares. The dividends will be paid in April.  How to calculate the cash dividends should be issued?

A corporation reported the following information at December 31, 2014: 12% cumulative, nonparticipating preferred stock, $10 par, 50,000 shares authorized; callable at par value..........$500,000 Common stock, $2 par, 30,000 shares authorized..........$40,000 Paid in Capital:      Preferred Stock ..........$50,000      Common Stock...........$50,000            Total Capital Stock...........$640,000 Retained Earnings..........30,000 Less: Treasury stock (500 common shares at cost).........5,000            Total Stockholders' Equity.............$665,000   How many shares of preferred stock are outstanding?

The stockholders’ equity section of Creighton Company’s balance sheet is shown as follows:   CREIGHTON COMPANY As of December 31, Year 3 Stockholders’ equity       Preferred stock, $10 stated value, 7% cumulative,300 shares authorized, 50 issued and outstanding $ 500   Common stock, $10 par value, 250 shares authorized,100 issued and outstanding   1,000   Common stock, class B, $20 par value, 400 sharesauthorized, 150 issued and outstanding   3,000   Common stock, no par, 150 shares authorized,100 issued and outstanding   2,200   Paid-in capital in excess of stated value—preferred   600   Paid-in capital in excess of par value—common   1,200   Paid-in capital in excess of par value—class B common   750   Retained earnings   7,000   Total stockholders’ equity $ 16,250      Requireda. Assuming the preferred stock was originally issued for cash, determine the amount of cash collected when the stock was issued.b. Based on the class B common stock alone,…

The stockholders’ equity section of Green Grass Corp showed the following: Preferred Stock, 6%, $25 par, 11,000 shares issued & outstanding​​$   275,000 Common Stock, $20 par, 123,750 shares issued & outstanding​​$2,475,000 ​Additional Paid-in Capital in Excess of Par​​​​​$   350,000 ​Retained Earnings​​​​​​​​$1,900,000   The preferred stock is cumulative, participating and 4 years in arrears.  A $380,000 cash dividend is declared.     Required:  Determine how much of the dividend will be paid to the preferred and common stockholders. Preferred Stockholders:  _______________​​Common Stockholders:  ________________

Danger

Stockholders’ Equity (January 1)       Common stock—$6 par value, 100,000 sharesauthorized, 30,000 shares issued and outstanding $ 180,000   Paid-in capital in excess of par value, common stock   140,000   Retained earnings   360,000   Total stockholders’ equity $ 680,000       Stockholders’ Equity (December 31)         Common stock—$6 par value, 100,000 sharesauthorized, 35,200 shares issued, 4,000 shares in treasury $ 211,200     Paid-in capital in excess of par value, common stock   171,200     Retained earnings ($40,000 restricted by treasury stock)   420,000         802,400     Less cost of treasury stock   (40,000 )   Total stockholders’ equity $ 762,400       The following transactions and events affected its equity during the year.  Jan.   5   Declared a $0.40 per share cash dividend, date of record January 10. Mar.   20   Purchased treasury stock for cash. Apr.   5   Declared a $0.40 per share cash dividend, date of record April 10.…

The stockholders’ equity section of Montel Company’s balance sheet follows. No preferred dividends are in arrears at the current date. Determine the book value per share of the common stock. Preferred stock—5% cumulative, $10 par value, 20,000 shares authorized, issued, and outstanding . $ 200,000 Common stock—$5 par value, 200,000 shares authorized, 150,000 shares issued and outstanding 750,000 Retained earnings 900,000 Total stockholders’ equity . $1,850,000

The stockholders’ equity of Cyclone Corporation at January 1 follows: 6 Percent preferred stock, $10 par value, 40,000 shares authorized;   25,000 shares issued and outstanding $250,000 Common stock, $1 par value, 300,000 shares authorized; 80,000 shares   issued and outstanding 80,000 Paid-in capital in excess of par value—Common stock 560,000 Retained earnings 830,000 Total Stockholders’ Equity $1,720,000   The following transactions, among others, occurred during the year: June 18 Declared a 60 percent stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share. July 1 Issued the stock dividend declared on June 18. Dec. 20 Declared the annual cash dividend on the preferred stock and a cash dividend of $1.60 per share on the common stock, payable on January 20 to stockholders of record on December 28.   Required a. Prepare journal entries to record the foregoing transactions. General Journal Date…

Prepare the shar (b) financial position at Decen to shareholders' equity 1. The following information relates Preference Share Capital, 12%, P50 par cumulative, 10,000 shares authorized Ordinary Share Capital, P1 stated value, 2,000,000 shares authorized Share Premium - Preference Paid in Capital in Excess of Stated Value Retained Earnings P 400,000 1,000,000 80,000 1,400,000 1,816,000 40,000 Treasury Shares - Ordinary (10,000 shares) During 2018, the corporation had the following transactions and events pertaining to its shareholders' equity: Issued 20,000 ordinary shares for P100,000 Sold 6,000 treasury shares for P28,000. Issued 5,000 shares of ordinary share capital for a piece of equipment with cash price of P25,000. Purchased 1,000 shares of ordinary for the treasury at a cost of P6,000. Declared the annual dividend on preference share and PO.20 cash dividend on ordinary share. Determined that profit for the year was P377,000 Feb. 1 Apr. 30 Sept. 1 Nov. 2 Dec. 31 31 31 The fair…