Preferred and common shareholders

Assignment Help Accounting Basics

Reference no: EM13126783

Lopez, Inc. has 2,000 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2009, and December 31, 2010. The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2010?

Preferred Common

a. $9,000 $6,000

b. $7,500 $7,500

c. $5,000 $10,000

d. $4,000 $11,000

Reference no: EM13126783

Questions Cloud

Disclosure of accounting policies : Identify literature that addresses disclosure of accounting policies.. how are the accounting polocies defined.. what are the 3 scenarios that would result in detailed disclosure of accounting methods used.

Calculate the required purchases for april : Pargo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for April and $475,000 for May. Cost of goods sold is expected to be 60% of sales. The company's desired ending inventory is 20% of the following month's ..

By what factor does the rate of this reaction increase : The activation energy for the isomerization ol cyclopropane to propene is 274 kJ/mol. By what factor does the rate of this reaction increase as the temperature rises from 256 to 297 oC.

Demand for dunkin donuts glazed doughnuts change : Dunkin Donuts raises the price of its French Vanilla coffee by 15%. The demand for Dunkin Donuts glazed doughnuts will change by what percentage and in what direction?

Preferred and common shareholders : The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2010?

Estimate difference between two populations means : In random samples of 25 from each of two normal populations, we found the following statistics: Estimate the difference between the two populations means with 95% confidence.

Calculate the mass percent of kcl in the solution : A solution was prepared by dissolving 28.0g of KCl in 225g of water. Calculate the mass percent of KCl in the solution.

How long is the wire : A copper wire (density = 8.96 g/cm3) has a diameter of 0.44 mm. If a sample of this copper wire has a mass of 50. g, how long is the wire?

Explain characteristics as the central limit theorem : Why do so many of life's events share the same characteristics as the central limit theorem? Why are estimations and confidence intervals important?

User Account

All Pages