Find the common shareholders will receive

Assignment Help Accounting Basics
Reference no: EM132604639

Question - Timmins Corp. has outstanding 20,000 no par value, $0.30, preferred shares and 100,000 no par value common shares. Dividends have been paid every year except last year and the current year. The carrying value of the preferred shares is $200,000 and of the common shares is $300,000.

1. If the preferred shares are cumulative and non-participating and $100,000 is distributed as a dividend, the common shareholders will receive

a. $0.

b. $68,000.

c. $84,000.

d. $100,000.

2. If the preferred shares are non-cumulative and fully participating and $0,000 is distributed as a dividend, the common shareholders will receive

a. $0.

b. $42,000.

c. $46,000.

d. $54,000.

Reference no: EM132604639

Questions Cloud

Summary of internal alignment of an organization : Summary of internal alignment of an organization
Which air-conditioning system should purchase : $102,000 and is expected to last 9 years. Assume that the opportunity cost of capital is 12 percent. Which air-conditioning system should you purchase?
General data protection regulation : The General Data Protection Regulation 2016/679 is regulation in EU law on data protection and privacy for all individual citizens of the European Union
Implementation of big data analytics : List the attributes or factors that are considered major barrier for implementation of big data analytics in the vertical of your choice such as pharmaceutical
Find the common shareholders will receive : If the preferred shares are non-cumulative and fully participating and $0,000 is distributed as a dividend, the common shareholders will receive
Barriers of big data analytics : Analyze the strategies that works best in dealing with the barriers of big data analytics; people, process, and technology
Different elements of the crime : Explain how the conduct satisfied the different elements of the crime or topic of the essay.
What is the current break-even point in units : Jeep Corporation has a current selling price of $41 per unit. The manager ofJeep Corp. What is the current break-even point in units
What emotions are you experiencing : What emotions are you experiencing? How do you think Christian worldview influences how you deal with your emotions?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the cost of ending inventory

Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month.

  Mikes agi is 120000 before any of the above expenses are

mike incurs the following employment-related expenses in the current yearactual automobile expenses 2500moving

  What is the buyers total cost of merchandise inventory

What is the buyer's total cost of merchandise inventory?Additional necessary costs of $1,500 were incurred to acquire the goods. No other incentives

  Build a balance sheet according to us gaap standards

How would build a balance sheet according to U.S. Gaap standards with the attached information

  Payment of government unemployment insurance

What effect does the payment of government unemployment insurance have on the unemployment rate? On the severity of recessions?

  A prior period adjustment should be reported as an

all of the following statements regarding the accounting for the stockholders equity of a corporation are true excepta.

  What dollar amount of power department costs

What dollar amount of Power Department costs will be allocated to the Maintenance Department for September

  Misfire company is a small editorial services company

On August 31, 2010, the end of the current year, Misfire Company's accounting clerk prepared the unadjusted trial balance shown on the next page.

  Determine depreciation expense for the first two years

A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. Determine depreciation expense for the first two years

  What is the depreciation expense of this plant asset

The straight-line method will be used for depreciation. What is the 2019 depreciation expense of this plant asset

  What accounts should be debited and credited

Tracy invested $50,000 cash, a law library valued at $25,000, What accounts should be debited and credited for this transaction

  What would be your response to anothercommittee concerning

what would be your response to anothercommittee concerning the current financial status of the social security system?

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