Computation of common stock dividendreiner wholesale

Assignment Help Financial Accounting

Reference no: EM13356725

Computation of Common stock dividend.

Reiner Wholesale Merchandise had 20,000 shares of 6%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2008. These data apply to each of the independent situations below.

Assuming that total dividends declared in 2008 were $45,000, that the cumulative preferred stock was issued on January 1, 2007, and that $10,000 of preferred dividends were declared and paid in 2007, the common stockholders should receive 2008 dividends totaling.

Reference no: EM13356725

Questions Cloud

Preparation of adjusting entries necessary at the end of : preparation of adjusting entries necessary at the end of the year.sutton coat company which prepares annual financial

Calculation of earnings per share of common stockthe : calculation of earnings per share of common stock.the following information is available for vincent

Calculation of return on common stockholders equitythe : calculation of return on common stockholders equity.the following information is available for wenger

Preparation of journal entries to record issue of shares : preparation of journal entries to record issue of shares and dividend.on january 1 2008 dolan corporation had 60000

Computation of common stock dividendreiner wholesale : computation of common stock dividend.reiner wholesale merchandise had 20000 shares of 6 20 par value preferred stock

Preparation of necessary entries for declaration and : preparation of necessary entries for declaration and payment of dividend.richman corporation has 120000 shares of 5 par

Fundamental question on accounting for corporationsboswell : fundamental question on accounting for corporations.boswell corporation has the following stockholders equity

User Account

All Pages