User Account

All Pages

Compute the total amount of dividends

Assignment Help Accounting Basics
Reference no: EM1342601

Houston Corporation has the following stock outstanding:

5% cumulative preferred stock, par $20 ( 50,000 shares issued and outstanding )     $1,000,000

Common stock, par $5  (40,000 shares issued and outstanding ))                           $2, 000,000

In 2012, Houston paid $330,000 in dividends. No dividends were paid in 2011 or 2010.

Required:

a) Compute the total amount of dividends that was paid to each class of stock.
b) Compute the amount of dividends per share for each class of stock. 

 

 

Reference no: EM1342601

Questions Cloud

Explain women and minorities in the workforce : Comment on the presence of women and certain minorities in specific occupations in the United States and show the trend from the data supplied at the Bureau of Labor Statistics website.
Determine the amount of cost of goods sold using fifo, lifo : Stewart Company sold 180 units @ $320 each on October 31, 2012. Cash selling and administrative expenses were $15,000. The following information is also available: Determine the amount of cost of goods sold using:
What amount of liability for the note : What amount of interest expense will be displayedon the 2013 income statement? c) What amount of liability for the note will be displayed on the balance sheet on December 31, 2013?
Prepare an income statement and a balance sheet : Using the information, prepare an income statement and a balance sheet for the Parsons Corporation.
Compute the total amount of dividends : Compute the total amount of dividends that was paid to each class of stock, b) Compute the amount of dividends per share for each class of stock.
Cross cultural communications: fons trompenaars : Cross Cultural Communications: Fons Trompenaars - Define the following relationships
Prepare a presentation discussing laws and policies : Prepare a presentation discussing laws and policies, problems and conflict, the Developee program (a four year contract between the company and its new employees), arguments for changing the policy and how managers and employees may feel in this c..
How might that technique be used at widgecorp : How has at least one other real-life company used the factor analysis technique to address a business problem and how might that technique be used at WidgeCorp?
What cultural problems do cause internal it partners : What cultural problems do you think would cause internal IT partners to stray away from your corporation and why and how do you prevent this from happening?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Twin peaks building supplies

Chris White was a forestry technician who had been searching for several years for a business opportunity to combine with his forestry career

  Explain in general terms the accounting treatment

Accounting Homework:   Explain in general terms the accounting treatment to changes in terms of existing loans.  What should be the accounting treatment of the modification to Blueberry's note?

  Insurance policy-utility function

What is the highest price that you would be willing to pay for an insurance policy that fully insures you in the event that your house burns down?

  Indicate the generally accepted accounting principles

Provide the fund level entries in general journal form needed to conform to basically accepted accounting principles. If no entry is needed, so indicate.

  Determining operating cash flow

Find out the operating cash flow (OCF) for Kleczka, Inc., based upon the following data. (All values are in thousands of dollars.)

  Multiple choice question to find related earnings

When owners invest money in their business, the effect on the accounting equation is that the investment: The journal entry to record the payment of wages in the amount of $52,000 to workers could include a:

  Strengths and weaknesses of form 10 k

Analyze the strengths and weaknesses of the Form 10-K information and disclosures in terms of whether they provide relevant and reliable information to investors.

  Inception of lease

On January 1, 2013, Winn Heat Transfer leased office space under the 3 year operating lease agreement. The arrangement specified 3 annual rent payments of $80,000 each, starting January 1, 2013, the inception of lease

  Determining the economic value of us division

Bella Vista’s U.S. Division reported sales of $300,000-The economic value added of the U.S. Division is

  Expected contribution margin ratio and break even sales

Prepare an estimated income statement for 2008. What is the expected contribution margin ratio? Determine the break-even sales in units. Construct a cost-volume-profit chart indicating the break-even sales.

  Amount of outstanding checks

Fitzgerald Company wrote checks totalling $17,080 during October and $18,650 during November. What was the amount of outstanding checks on November 30?

  Five biggest concerns regarding risk

You're an IT auditor working for $15 million sales per year speciality chocolate candy manufacturer. The company is planning to engage in e-commerce over Internet. What would be your five biggest concerns regarding risk and why?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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