Assuming no further stock transactions

Assignment Help Other Subject
Reference no: EM133308202

The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2021, showed Cumulative Preferred 9% Stock, $45 par (1315 shares authorized, 419 shares issued); Common Stock, $23 par (27168 shares authorized, 14184 shares issued); and Retained Earnings of $1084.

On January 3, 2022, the corporation purchased 2072 shares of its common stock at par. On May 1, 2022, the corporation resold 1573 shares of treasury stock, at $8 above par. On December 31, 2022, the corporation showed an after tax Net Income of $51340. The Board of Directors had decided to forego paying dividends in 2021. On December 31, 2022, dividends were declared and paid. Common shareholders received $2.24 per share.

Assuming no further stock transactions, the total dollar amount of Dividends paid on Cumulative Preferred Stock on December 31, 2022, is _______.

Reference no: EM133308202

Questions Cloud

Real-life application of annuities : Look for a real-life application of annuities. Explain why this is an annuity by identifying if it is a loan or investment, the regular payment or deposit,
Treatment required in financial report : Do you think any treatment required in the financial report for each of the above events or transactions for the year ended 30 June 2021?
Determine interest arbitrage opportunity : Translation exposure and transaction exposure with foreign exchange risk. Determine interest arbitrage opportunity.
Total stockholders equity on balance sheet : What is the Total Stockholders' Equity on the Balance Sheet on December 31, 2022?
Assuming no further stock transactions : Assuming no further stock transactions, the total dollar amount of Dividends paid on Cumulative Preferred Stock on December 31, 2022,
Further stock transactions : Assuming no further stock transactions, the total dollar amount of Contributed (Paid-In) Capital
Consumer loans vs. commercial loans : When comparing consumer loans to commercial loans, what are the similarities and differences? Which one is easier to manage for a bank?
Estimate the market risk premium : If you estimate the market risk premium to have been 5.1%?, did? Apple's managers exceed their? investors' required return as given by the? CAPM?
Manufactures and sells visual display equipment : Audio Visual Corporation (AVC) manufactures and sells visual display equipment. How could AVC have avoided the problems?

Reviews

Write a Review

Other Subject Questions & Answers

  Discuss the order delivery stage of the order cycle

Discuss the order delivery stage of the order cycle. Define order triage and explain how it can affect order processing. What is pick-to-light technology?

  Create an outline of an executive summary that includes

project selection you were asked to develop a project proposal in which you determined if the proposed project is

  Research an article that illustrates an instance of dmc

Research an article that illustrates an instance of DMC (Disproportionate Minority Contact) in your community.

  Distinguish islamic society with european society

Distinguish Islamic society with European society in Middle Ages 500-1500 AD. Explain the great Empires which arose in Europe, Asia, Africa.

  Is social media a good forum for elected leaders

Is Social Media a good forum for elected leaders? How should they best communicate with the public?

  Discuss beliefs about mental health

Include a statement of how you see yourself using your study of mental health in nursing practice. Are you interested in working specifically in a psychiatric

  Provide a brief explanation of history and purpose of tests

Provide a brief explanation of history and purpose of the tests. Describe research to support the validity/reliability of the tests.

  Demonstrate where your perceptions changed

At the beginning of the text, Gilgamesh is described as a tyrant. How did this statement influence your initial perception of him?

  Prepare a creditable project plan

Develop device which can be attached to sea vessels to collect floating wastes such as plastic bottles -Develop natural cooling system for a commercial building

  Study for a child studies exam

What is the efficient way to study for a child studies exam?

  How effective are anti-depressive medications on anxiety

How effective are anti-depressive medications on anxiety and depression? For patients of 70 years and older, how effective is the use of the influenza vaccine.

  Discuss the liabilities that are inherent in the department

Once you have made your selection, discuss the liabilities that are inherent in that department and the role that the risk manager can play to reduce.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd