Financial Accounting
3rd Edition
ISBN: 9780133791129
Author: Jane L. Reimers
Publisher: Pearson Higher Ed
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Chapter 8, Problem 16SEB
To determine
Determine the amount of cash dividend will be paid to preferred and common stockholders.
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8. The following is the abstract of the shareholders’ equity of Shake Corporation before the declaration of cash dividends:
(see attached image for the give. please answer it. thank you so much)
The Board declared dividends of P900,000. No dividends were distributed last year.
Direction: Determine how much dividends the preference and ordinary shares will receive given the following independent situations:a. the preference share is non-cumulative and non-participatingb. the preference share is participating c. the preference share is cumulatived. the preference share stock is both cumulative and participating e. the preference share is participating only up to 15%
8. The following is the abstract of the shareholders’ equity of Shake Corporation before the declaration of cash dividends:
(see attached image for the given. please answer it based on your knowledge. please I'm begging all of you. thank you so much in advance)
The Board declared dividends of P900,000. No dividends were distributed last year.
Direction: Determine how much dividends the preference and ordinary shares will receive given the following independent situations:a. the preference share is non-cumulative and non-participatingb. the preference share is participating c. the preference share is cumulatived. the preference share stock is both cumulative and participating e. the preference share is participating only up to 15%
Which one is correct?
A corporation has 10,000 shares of 7%, $50 par preferred stock outstanding and 130,000 shares of no-par common stock outstanding. Dividends in arrears are $42,500. At the end of the current year, the corporation declares a dividend of $90,000. What is the dividend allocated between preferred and common shareholders?
A.The dividend is allocated $12,500 to preferred and $77,500 to common.
B. The dividend is allocated $35,000 to preferred and $55,000 to common.
C. The dividend is allocated $90,000 to preferred and $0 to common.
D. The dividend is allocated $77,500 to preferred and $12,500 to common.
Chapter 8 Solutions
Financial Accounting
Ch. 8 - Prob. 1YTCh. 8 - Prob. 2YTCh. 8 - Prob. 3YTCh. 8 - Prob. 4YTCh. 8 - 1. Compare a stock split and a stock dividend. 2....Ch. 8 - Prob. 6YTCh. 8 - Prob. 1QCh. 8 - Prob. 2QCh. 8 - Prob. 3QCh. 8 - Prob. 4Q
Ch. 8 - Prob. 5QCh. 8 - Prob. 6QCh. 8 - Prob. 7QCh. 8 - Prob. 8QCh. 8 - Prob. 9QCh. 8 - Prob. 10QCh. 8 - Prob. 11QCh. 8 - Would treasury stock be considered authorized,...Ch. 8 - Prob. 13QCh. 8 - Prob. 14QCh. 8 - Prob. 15QCh. 8 - What are the two sections of the shareholders...Ch. 8 - Prob. 17QCh. 8 - Prob. 18QCh. 8 - Prob. 19QCh. 8 - Prob. 1MCQCh. 8 - Prob. 2MCQCh. 8 - Treasury stock is a. a companys own stock that it...Ch. 8 - Prob. 4MCQCh. 8 - Prob. 5MCQCh. 8 - Prob. 6MCQCh. 8 - The number of shares of stock designated as issued...Ch. 8 - Prob. 8MCQCh. 8 - Prob. 9MCQCh. 8 - Prob. 10MCQCh. 8 - Prob. 1SEACh. 8 - Prob. 2SEACh. 8 - Prob. 3SEACh. 8 - Prob. 4SEACh. 8 - Prob. 5SEACh. 8 - Prob. 6SEACh. 8 - Prob. 7SEACh. 8 - Prob. 8SEACh. 8 - Prob. 9SEACh. 8 - Calculate retained earnings balance. (LO 5)....Ch. 8 - Prob. 11SEACh. 8 - Prob. 12SEBCh. 8 - Prob. 13SEBCh. 8 - Prob. 14SEBCh. 8 - Prob. 15SEBCh. 8 - Prob. 16SEBCh. 8 - Prob. 17SEBCh. 8 - Prob. 18SEBCh. 8 - Prob. 19SEBCh. 8 - Prob. 20SEBCh. 8 - Prob. 21SEBCh. 8 - Prob. 22SEBCh. 8 - Prob. 23EACh. 8 - Prob. 24EACh. 8 - Prob. 25EACh. 8 - Prob. 26EACh. 8 - Prob. 27EACh. 8 - Prob. 28EACh. 8 - Prob. 29EACh. 8 - Prob. 30EACh. 8 - Prob. 31EACh. 8 - Analyze equity accounts. (LO 1, 2, 3, 5). The...Ch. 8 - Prob. 33EACh. 8 - Prob. 34EACh. 8 - Prob. 35EACh. 8 - Prob. 36EACh. 8 - Prob. 37EACh. 8 - Prob. 38EACh. 8 - Prob. 39EBCh. 8 - Prob. 40EBCh. 8 - Prob. 41EBCh. 8 - Prob. 42EBCh. 8 - Prob. 43EBCh. 8 - Prob. 44EBCh. 8 - Prob. 45EBCh. 8 - Prob. 46EBCh. 8 - Prob. 47EBCh. 8 - Prob. 48EBCh. 8 - Prob. 49EBCh. 8 - Prob. 50EBCh. 8 - Prob. 51EBCh. 8 - Prob. 52EBCh. 8 - Prob. 53EBCh. 8 - Prob. 54EBCh. 8 - Prob. 55PACh. 8 - Prob. 56PACh. 8 - Prob. 57PACh. 8 - Prob. 58PACh. 8 - Prob. 59PACh. 8 - Prob. 60PACh. 8 - Prob. 61PACh. 8 - Prob. 62PACh. 8 - Prob. 63PBCh. 8 - Prob. 64PBCh. 8 - Prob. 65PBCh. 8 - Prob. 66PBCh. 8 - Prob. 67PBCh. 8 - Prob. 68PBCh. 8 - Prob. 69PBCh. 8 - Prob. 70PBCh. 8 - Prob. 1FSACh. 8 - Prob. 2FSACh. 8 - Prob. 3FSACh. 8 - Prob. 1CTPCh. 8 - Prob. 2CTPCh. 8 - Prob. 1IECh. 8 - Prob. 2IECh. 8 - Prob. 3IECh. 8 - Prob. 4IECh. 8 - Prob. 5IE
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- All of the following statements pertain to dividends. Which of them is (are) true? a. Shareholders vote each year to declare and set the amount of the dividends to be paid.b. Dividends Payable is a current liability in the statement of financial position of the corporation.c. A 10% dividend on preference share capital means that each shareholder receives a cash dividend equal to 10% of the market value of the stock.d. All of these statements are true.arrow_forwardA corporation purchases 31,000 shares of its own $10 par common stock for $39 per share, recording it at cost. What will be the effect on total stockholders' equity? (Round your answer to the nearest whole number - zero decimal places; if this event causes a decrease in stockholder's equity, enter the amount as a negative number, if this transaction causes increase in stockholder's equity, enter the answer as a positive number.) Your Answer: Answerarrow_forwardHuge Corporation has issued 3,000, $7 noncumulative preferred shares and 10,000 common shares. Dividends have not been paid on the preferred shares for the current and one prior year. Huge has recently prospered, and the board of directors has voted to payout $49,000 from retained earnings in cash dividends. Once the $49,000 is paid out, how much would the preferred and common shareholders receive per share? A. $14.00 per share preferred, $0 per share common. B. $7 per share preferred, $2.80 per share common. C. $0 per share preferred, $4.90 per share common. D. $14.00 per share preferred, $0.70 per share common. E. $12.25 per share preferred, $0.23 per share common.arrow_forward
- The account Retained Earnings is: the amount paid as dividend. a subdivision of paid-in capital. net profit accumulated by the corporation. reported as an expense in the income statement.arrow_forwardGenMath Corporation with a current market value of 40.92 declared a dividend of 6.72 per share for its common stock while Stat&Prob Corporation has a current market value of 89.62 declared a dividend of 49.12 per share. a. Which corporation will earn more?: (Type the complete name of the Corporation) b. What is the total dividend for the common stocks in the corporation that gives more earnings when the total shares are 334,400? : Round off the answer to the nearest whole number.arrow_forwardGenMath Corporation with a current market value of 25.62 declared a dividend of 6.22 per share for its common stock while Stat&Prob Corporation has a current market value of 106.42 declared a dividend of 42.92per share. a. Which corporation will earn more?: (Type the complete name of the Corporation) b. What is the total dividend for the common stocks in the corporation that gives more earnings when the total shares are 349,700? : Round off the answer to the nearest whole number.arrow_forward
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