User Account

All Pages

How much Venco ordinary shareholders received

Assignment Help Financial Accounting
Reference no: EM133000425

Question - Venco Corporation's December 31, 2020 statement of financial position showed the following:

Share capital-preference 6%, $20 par value, cumulative, 10,000 shares authorized; 7,500 shares issued $ 150,000

Share capital-ordinary, $10 par value, 1,000,000 shares authorized; 975,000 shares issued, 960,000 shares outstanding 9,750,000

Share premium-preference 30,000

Share premium-ordinary 13,500,000

Retained earnings 3,750,000

Treasury shares (15,000 shares) 315,000

Venco declared and paid a $45,000 cash dividend on December 15, 2020. If the company's dividends in arrears prior to that date were $9,000, how much Venco's ordinary shareholders received?

a. $36,000.

b. $18,000.

c. $27,000.

d. no dividend.

Reference no: EM133000425

Questions Cloud

What is Anita basis in her partnership interest : Anita contributes land having a 20,000 adjusted basis. What is Anita's basis in her partnership interest at the end of the current year
What amount will be in the investment fund : If Crane will earn 8% on the investment, what amount will be in the investment fund on December 31, 2025
What dividends received by the preference shareholders : In 2020, $110,000 of dividends are declared and paid. What are the dividends received by the preference and ordinary shareholders in 2020
Discuss the accounting treatment of the plant : Zuko subsequently sold the plant by auction on 14 May x6 for RM3 mil net of costs. Discuss the accounting treatment of the plant
How much Venco ordinary shareholders received : If the company's dividends in arrears prior to that date were $9,000, how much Venco's ordinary shareholders received
What is the investor maximum gain and maximum loss : An investor buys a put option with a strike price of $45 for $6. What is the investor's maximum gain and maximum loss
What is the net present value of this investment : The annual cash savings are estimated at $32,000. The company's cost of capital is 14%. Ignore income taxes. What is the net present value of this investment
What is the expected rate of return on the investment : Given the probability distribution of returns in the popup window, what is the expected rate of return on the investment
What are the tax consequences for the partnership : The partnership's assessable income for the income year is $ 100,000. Deductible expenses are $120,000. What are the tax consequences for the partnership

Reviews

Write a Review

Financial Accounting Questions & Answers

  Fill-in the time line for grand lips

Process costing in a single processing department (Learning Objectives 1, 2, & 3)Grand Lips produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. Fill-in the time line for Grand Lips. Use the ti..

  Find how much will stockholders equity change

Strauss' only debt is $2,070,000 to a bank. How much will stockholders' equity change when Strauss borrows $300,000 to purchase equipment?

  Compute the issue price on january one of the year

Compute the issue (sales) price on January 1 of this year. James Corporation is planning to issue bonds with a face value of $503,000 and a coupon rate of 6%

  Record the journal entries associated with the events

Record the journal entries associated with the above events. Marino Furniture Corporation (MFC) had the events during the year.

  What amount of gain or loss should company a disclose

What amount of gain or loss should Company A disclose in profit or loss in the statement of comprehensive income for the year ended December 31, 2017?

  What is the true initial cost figure Southern should use

Company needs to raise $20 million to start a new project and will raise the money by selling new bonds. What is true initial cost figure Southern should use

  The balance in the finished goods inventory account

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $53,200 and at the end of the month was $46,700. The cost of goods manufactured for the month wa..

  Which account provides the highest effective annual return

Account Y has an annual percentage rate of 12.20 percent with interest compounded continuously. Which account provides the highest effective annual return?

  What is the amount of their itemized deductions

Marry and Max had adjusted gross income of 358000. They have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 10% of adjusted gross income, $3,000 in property taxes, $4000 in housing interest, and $5000 in miscellan..

  What is the capitalized cost of each of brady?

What is the capitalized cost of each of Brady?'s ?land, land? improvements, and? building?

  Find and calculate the gross profit ratio

Find and Calculate the gross profit ratio. During the current year,carter company reported $600,000 in sales,and purchased merchandise

  Calculate the gain or loss made on your portfolio

During the tracking period, 10 August to 7 September 2012, your team is to monitor the performance of the shares and the overall performance of the Australian share-market. Can you maximize the value of your share portfolio?

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