Reference no: EM131881741
Question: 1. Frey & Felder (F&F) brands touch the lives of people around the world in 180 countries and territories. The F&F community consists of nearly 188,800 employees. In 2014, the company had 10 billion shares of common stock authorized, 4 billion shares issued, and 3 billion shares outstanding. Par value is $1 per share. F&F has been paying a dividend for over 120 years and 2014 marks the 58th consecutive year that the Company has increased its dividend.
Required: Assume that F&F declared a dividend of $2.53 per share on October 1, 2014, to stockholders of record on October 15. F&F paid the dividend on October 20. Prepare journal entries as appropriate for each date.
2. The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year:
Common stock, $12 par value, 47,000 shares outstanding
Preferred stock, 10 percent, $10 par value, 6,000 shares outstanding
Retained earnings, $225,000
On September 1 of the current year, the board of directors was considering the distribution of an $72,000 cash dividend. No dividends were paid during the previous two years. You have been asked to determine dividend amounts under two independent assumptions (show computations):
a. The preferred stock is noncumulative.
b. The preferred stock is cumulative.
Required: 1. Determine the total and per share amounts that would be paid to the common stockholders and the preferred stockholders under the two independent assumptions.
Prepare the journal entry to record regis companys payroll
: Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.)
|
What should matteson report as its investment in otoole
: On January 3, 2015, Matteson Corporation acquired 30 percent. What should Matteson report as its investment in O'Toole under the equity method?
|
What is the issuance price
: On January 1, 2014, cron Corporation lssued $7oo,ooo in bonds that in five years. The bonds have a stated Interest rate of 13 percent and pay Interest.
|
Prepare the job cost sheets for each of the three jobs
: In January, Knox Company requisitions raw materials for production. Prepare the job cost sheets for each of the three jobs.
|
Determine the total and per share amounts
: Determine the total and per share amounts that would be paid to the common stockholders and the preferred stockholders under the two independent assumptions.
|
How much would jaron keep after taxes
: Ignoring self-employment taxes (and the additional Medicare Tax), how much would Jaron keep after taxes if TMZ is organized as either an LLC or a C corporation?
|
What is the washington marginal federal tax rate
: George & Martha Washington are married and file a joint income tax return. In 2016 the couple had $ 250,000 of total income and $ 200,000 in taxable income.
|
What was gg company residual income for january
: For January 2017. GG company had net operating income of $120,000, average operating assets of $500,000. What was GG company residual income for January 2017?
|
Discuss the realtive riskiness of the three firms earnings
: Given the following information, calculate the expected value for Firm C's EPS. Discuss the realtive riskiness of the three firms earnings.
|