9Fill in the BlanksType your answers in all of the blanks and submitX₂ XΩ·Bread Pitt had two classes of shares that were both issued on January 1, 2013:Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstandingClass B, no par value common shares issued at $50 per share, 1,000,000 shares issued and outstanding.There were no dividends paid in 2013 and 2014. In 2015, dividends of $6,000,000 were paid. For 2016,dividends paid totalled $17,000,000, and for 2017 total dividends paid were $15,000,000.How much in dividends was paid to preferred and common shares in 2013 to 2017, assuming the preferredshares are cumulative. Please round your final answer to the nearest dollar. Do not round intermediaryanswers. Do not use $ signs in your final answer.Preferred Shares2013- Type your answer hereDD4F9F10P%5tQ38-Cumulative DividendsHomework Unanswered Due Today, 6:00 PMGBà vo^6YHMacBook AirFOF7N&A7UJ8MIDIIF8K(9)OLST<V{L11 +=2111}de

Explanation of Concept Preference Share Preference Shares are the shares which have been issued…

Answered: Q38-Cumulative Dividends Homework…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter12: Statement Of Stockholders’ Equity (stockeq)

Section: Chapter Questions

Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...

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5 T B Bread Pitt had two classes of shares that were both issued on January 1, 2013: Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding Class B, no par value common shares issued at $50 per share, 1,000,000 shares issued and outstanding. There were no dividends paid in 2013 and 2014. In 2015, dividends of $6,000,000 were paid. For 2016, dividends paid totalled $17,000,000, and for 2017 total dividends paid were $15,000,000. How much in dividends was paid to preferred and common shares in 2013 to 2017, assuming the preferred shares are non-cumulative. Please round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer. Preferred Shares 2013- Type your answer here 2014- Type your answer here 2015- Type your answer here 2016- Type your answer here 4 F10 F12 6 Y H N MacBook Air F7 FO 7 U J M ** 8 1 DII FB K ( 9 DD O L < command ) O P Δ' P - : i entic F11 { [ 1 + ? I 11 } dele
Read the transactions carefully and prepare a Journal Entry. Problem the account belowappeared in the Dec 31, 2014 trial balance of Pure Company: Ordinary Shares, P15 par, 20,000 shares P270, 000 Authorized, 18,000 shares issued Retained Earnings 200,000 Share Premium-Ordinary 95,000 Share Premium-Treasury 2, 000 Treasury Stock, (1, 000 shares, at cost) 25,000 Required: Number of Shares issued - Number of shares in treasury Number of outstanding shares Prepare the Journal Entry, assuming Pure sold 200 treasury shares at 20 each Prepare the Journal Entry, assuming Pure retired 300 treasury shares.
Problem2: The Dirge Corporation was organized on January 1, 2013 with authorized share capital consisting 50,000 preference shares with a par value of P 50 and 1,000,000 of no-par ordinary shares with a stated value of P 6. At December 31, 2013, the ledger included the following balances pertaining to shareholders' equity: Preference share capital P 1,000,000 Share premium – preference Ordinary share capital Paid in capital in excess of stated value - ordinary 120,000 3,000,000 4,760,000 Ten thousand preference shares were issued for equipment having a fair value of P 550,000. The remaining preference shares were issued for cash. All ordinary shares were issued for cash. Compute for the: 3. Number of preference shares issued for cash. 4. Price per share of preference share capital issued for cash. 5. Number of ordinary share issued. 6. Average price per share of the ordinary share capital. 7. Total preference share premium arising from issuance in exchange for equipment.
Help Save & Exit Su Check y Dublin Inc. had the following common stock record during the current calendar year. Outstanding, beginning of year Additional shares issued 6/30 Additional shares issued 9/30 2,000,000 100,000 100,000 A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice 2,075,000. 2.620.000. 2,475,000.
90. Seco Company was incorporated on January 1, 2013. * 80,000 60,000 5,000 Jan. 2 Number of shares authorized Feb. 1 Number of shares issued July 1 Number of shares reacquired but not canceled Dec. 1 Two-for-one share split On December 31, 2013, what is the number of shares outstanding? O A. 110,000 O B. 115,000 O C. 120,000 O D. 150,000
21. Sam Company was incorporated on January 1, 2015 and provided the following information: Jan. 1 Number of shares authorized 100,000 Feb. 1 Number of shares issued 80,000 July. 1 Number of shares reacquired but not cancelled 10,000 Dec. 1 Two for one split On December 31, 2015, what is the number of ordinary shares outstanding?
INSTRUCTIONS: Fill out the journal entries for the following transactions for Ace Manufacturing 2011 - Ace Manufacturing issued the following stock for cash: Jan. 1- Preferred 10 000 shares @ $100 per share Jan. 15- Common stock 100 000 shares @ $20 June 1 - They declared a stock dividend of $2 on the preferred stock. June 30 - They paid the dividend. Dec. 31 - They closed the dividend account. 2012 - Jan. 15 - They issued a stock dividend of 10 percent for the common stock, and the current market price was $30. Feb. 30 - They issued the common stock for the dividend. Dec. 31 - They closed the declared account. 2 2013 - March 1-The common stock was now worth $100, so they split it in half Based on the March 1 transaction, what is the number of outstanding common stock shares on March 31, 2013?
Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.
According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its name to Monster Beverage Corporation. According to Yahoo Finance, on that day the value of the company stock (symbol: MNST) was $15.64 per share. On January 5, 2018, the stock closed at $63.49 per share. This represents an increase of nearly 306%. A. Discuss the factors that might influence the increase in share price. B. Consider yourself as a potential shareholder. What factors would you consider when deciding whether or not to purchase shares in Monster Beverage Corporation today?
PROBLEM 2: JKL Corp. reported the following amounts in the shareholders' equity section of its December 31, 2015,statement of financial position:Preference shares, P10 par (100,000 shares authorized,40,000 shares issued) P400,000Ordinary shares, P5 par (50,000 shares authorized, 20,000 shares issued) 100,000Share premium – Ordinary shares 192,000Accumulated profits 1,200,000The following transactions occurred during 2016:a. At the beginning of 2016, the company paid the annual 2015 P1 per share dividendon preference shares and PO.50 per share dividend on ordinary shares. These dividends had been declared onDecember 1, 2015.Further investigations revealed that no entry has been made to account for the declaration of thesaid dividends.b. On February 13, the company purchased 4,000 shares of its own outstanding ordinary shares for P80,000.c. On March 30, the company declared and issued ordinary shares split-up (1 is to 2).d. On June 19, the company reissued 2,800 treasury shares for an…
Share Issuances for Cash Finlay, Inc., issued 8,000 shares of $50 par value preferred stock at $68 per share and 12,000 shares of no-par value common stock at $10 per share. The common stock has no stated value. All issuances were for cash. E10-2A. LO2, 4 MBC a. Determine the financial statement effect of the share issuances. b. Determine the financial statement effect of the issuance of the common stock assuming that it had a stated value of $5 per share. Determine the financial statement effect of the issuance of the common stock assuming that it had a par value of $1 per share. C.
10. At December 31, 2015, the records of Kosme Corporation provided the following: (see attached image for the given. please asnwer it. thank you so much!!) Direction:a. Give the number of shares authorized ___ issued ___b. Give the number of shares outstanding ___c. Give the amount of Additional-Paid-In capital. ___d. Give the earnings per share. ___ Round your answer to two decimal places.e. Amount of dividends paid during 2015. ___f Amount of treasury shares reported in the stockholders' equity ___g. Amount of free retained earnings on December 31. ___

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