The outstanding capital stock of Concord Corporation consists of 2,000 shares of $100 par value, 7% preferred, and 4,600 shares of $50 par value common. Assuming that the company has retained earnings of $82,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) $ Preferred $ Preferred Common b. The preferred stock is cumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) Common
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Intermediate Accounting 105
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- The outstanding capital stock of Metlock Corporation consists of 1,900 shares of $100 par value, 9% preferred, and 5,400 shares of $50 par value common. Assuming that the company has retained earnings of $84,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) $ $ Preferred b. The preferred stock is cumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) $ Preferred $ Preferred $ Common c. The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to O decimal places, e.g. 38,487.) $ Common CommonThe outstanding capital stock of Bonita Corporation consists of 2,100 shares of $100 par value, 5% preferred, and 4,600 shares of $50 par value common. Assuming that the company has retained earnings of $84,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. 38,487.) $ Preferred $ b. The preferred stock is cumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) Preferred Common $ Preferred Common c. The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, eg.1.4278%. Round answers to 0 decimal places, eg. 38,487.) CommonThe outstanding capital stock of Concord Corporation consists of 2,000 shares of $100 par value, 7% preferred, and 4,600 shares of $50 par value common. Assuming that the company has retained earnings of $82,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) $ $ Preferred $ Preferred 14000 b. The preferred stock is cumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) Preferred 42000 $ 52405 $ Common c. The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g. 1.4278%. Round answers to O decimal places, e.g. 38,487.) $ Common 68000 Common 40000 29595
- The outstanding capital stock of Vaughn Corporation consists of 2,100 shares of $100 par value, 7% preferred, and 4,600 shares of $50 par value common. Assuming that the company has retained earnings of $82,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. (a) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $ (b) The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ $ (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ %24The outstanding capital stock of Oriole Corporation consists of 1,900 shares of $100 par value, 8% preferred, and 4,700 shares of $50 par value common. Assuming that the company has retained earnings of $89,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) Preferred b. The preferred stock is cumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) EA Preferred Common c. The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to O decimal places, e.g. 38,487.) Preferred LA Common CommonThe outstanding capital stock of Cleary Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 5,000 shares of $50 par value common. Assuming that the company has retained earnings of $90,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. 38,487.) $ $ Preferred b. The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimal places, e.g. 38,487.) 65 Preferred $ Preferred $ Common c. The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g. 1.4278%. Round answers to O decimal places, e.g. 38,487.) $ Common Common
- The outstanding capital stock of Shamrock Corporation consists of 2,200 shares of $100 par value, 7% preferred, and 4,900 shares of $50 par value common.Assuming that the company has retained earnings of $88,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.(a) The preferred stock is noncumulative and nonparticipating. b) The preferred stock is cumulative and nonparticipating. (c) The preferred stock is cumulative and participating.The outstanding capital stock of Coronado Corporation consists of 2,100 shares of $100 par value, 9% preferred, and 4,500 shares of $50 par value common.Assuming that the company has retained earnings of $83,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.(a) The preferred stock is noncumulative and nonparticipating. (b) The preferred stock is cumulative and nonparticipating (c) The preferred stock is cumulative and participating.The outstanding capital stock of Metlock Corporation consists of 2,000 shares of $100 par value, 9% preferred, and 5,200 shares of $50 par value common. Assuming that the company has retained earnings of $82,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. (a) The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. $38,487.) Preferred $ Common $ (b) The preferred stock is cumulative and nonparticipating. (Round answers to O decimal places, e.g. $38,487.) Preferred $ Common $ (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g. 1.4278%. Preferred $ Common $ Please don't answer in handwritten..thanku
- The outstanding share capital of Flounder Corporation consists of 2,000 shares of $100 par value, 9% preference, and 5,200 shares of $50 par value ordinary. Assuming that the company has retained earnings of $82,500, all of which is to be paid out in dividends, and that preference dividends were not paid during the 2 years preceding the current year, determine how much each class of shares should receive under each of the following conditions. (a) The preference shares are non-cumulative and non-participating. (Round answers to O decimal places, e.g. 38,487.) $ $ Preference (b) The preference shares are cumulative and non-participating. (Round answers to O decimal places, e.g. 38,487.) $ Preference $ Preference $ Ordinary (c) The preference shares are cumulative and participating. (Round the rate of participation to 4 decimal places, e.g. 1.4278%. Round answers to O decimal places, e.g. 38,487.) $ Ordinary OrdinarySplish Company's ledger shows the following balances on December 31, 2025. 7% Preferred stock-$10 par value, outstanding 21,200 shares Common stock-$100 par value, outstanding 32,100 shares Retained earnings Assuming that the directors decide to declare total dividends in the amount of $396,000, determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock. a. The preferred stock is cumulative and fully participating. (Round the rate of participation to 6 decimal places, e.g.0.014278. Round answers to O decimal places, e.g. 38,487.) $ $ Preferred b. The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. 38,487.) $ Preferred $ Preferred Common c. The preferred stock is noncumulative and is participating in distributions in excess of a 9% dividend rate on the common stock. (Round the rate of participation to 6 decimal places, e.g.0.014278. Round…The outstanding capital stock of Edna Millay Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 5,000 shares of $50 par value common. Instructions Assuming that the company has retained earnings of $90,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. a. The preferred stock is noncumulative and nonparticipating. b. The preferred stock is cumulative and nonparticipating. c. The preferred stock is cumulative and participating. (Round dividend rate percentages to four decimal places.)