How much dividends will the preferred shareholders receive

Assignment Help Accounting Basics
Reference no: EM133166855

Question - St. Laurence reports the following data: Throughout the year, St. Laurence has an outstanding 150,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The company's balance sheet also reports that the preferred shares are cumulative and non-participating. The data shows dividends were paid every year except for the past two years and the current year.

How much dividends will the common shareholders receive if $50,000 was distributed?

How much dividends will the preferred shareholders receive if $21,000 will be distributed in the year?

Reference no: EM133166855

Questions Cloud

What are forecasted cash collections for the month of June : The pattern for credit receivables collections are: Month of Sale 60% and Month After Sale 30%. What are forecasted cash collections for the month of June
Marketing management philosophies : Discuss the four marketing management philosophies. Discuss the process of implementing a marketing plan.
Write a report explaining the concept of certificates : Write a report explaining the concept of certificates that could be understood by a non-technical person. Avoid using technical jargon completely
Discuss potential growth opportunities and strategies : Discuss potential growth opportunities and strategies for your selected company and compare the advantages and disadvantages of each opportunity.
How much dividends will the preferred shareholders receive : St. Laurence reports the following data: How much dividends will the preferred shareholders receive if $21,000 will be distributed in the year
Explain what universal group membership caching means : Explain what Universal Group Membership Caching means and What are the best practices that should be considered when assigning this role to a server
How much will she receive : During one three-month period, the fund grew by $13,500. If she withdraws 60 percent of the growth, how much will she receive
What is the total cash : Covid Company had the following balances on Dec 31, 2019: Cash in bank 2,250,000; Cash on Hand 125,000; Cash restricted for addition to plant in 2020 1,600,000;
What the sysvol share is on a domain controller : What GPO's were applied to the computer and/or user account? What settings did they apply - difference between synchronous and asynchronous processing

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which transaction will decrease the investment in branch

Which of the following transaction will decrease the investment in branch's account in the home office's separate statement of financial position?

  How much is your investment worth

You decide to invest $100,000 in program that is guaranteed to grow by 2.5% for each of the next 5 years. At the end of the 5 years, how much is your investment

  The income tax rate is 40 for all years prepare the journal

abc company had the following net operating income or losses over a 5-year period2010 250002011

  Explain the correct accounting treatment

The cost of removing the construction at the end of the three years is estimated to be $1,000,000. Explain the correct accounting treatment

  Prepare the journal entries to record previous transactions

Prepare the journal entries to record the previous transactions occurred during December 2018 and January 2019

  What is the entry to record the write off

Davis Corporation uses the allowance method to estimate and record bad debt expense and has an accounts receivable balance of $60,000 and an allowance.

  Question regarding the variance analysis

Variance analysis-The North Point plant of Englehart Electronics Company has the following standards for component C93:

  Question - issuance of a bond at face value

Question - Issuance of a Bond at Face Value - Calculate the issue price of the bonds and record the issuance of the bonds on January 1, 2017

  Record the transactions in the proper general ledger

at the beginning of 2010 gonzales companys accounting records had the general ledger accounts and balances shown in the

  Kristen montana operates a retail clothing operation

Kristen Montana operates a retail clothing operation. She purchases all merchandise inventory on credit and uses a periodic inventory system.

  Compute the market price of the bonds

Synthesis Company purchased a ten-year bond with a face amount of P5,000,000. Compute the market price of the bonds

  What is the balance in allowance for uncollectible accounts

What is the balance in allowance for uncollectible accounts on December 31, 2011, after the adjusting entry is made

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