Reference no: EM132848304
Question - Shareholders' Equity Contributed Capital:
Preferred shares, $0.50, 100,000 shares authorized, 30,000 shares issued $ 100,000
Common shares, unlimited number of shares authorized, 100,000 shares issued 350,000
Total contributed capital 450,000
Retained earnings 170,000
Total shareholders' equity $620,000
(A) Refer to the above. Assume that the preferred shares are cumulative and that there have been no dividends declared in 2011, 2012, 2013 and 2014. Prepare the journal entry to record the declaration and payment of a dividend in the total amount of $95,000, on December 3, 2015. Use separate dividends payable accounts for preferred and common shares.
(B) Refer to the above. Assume that the preferred shares are non-cumulative and that there have been no dividends declared in 2011, 2012, 2013 and 2014. Prepare the journal entry to record the declaration and payment of a dividend in the total amount of $95,000, on December 3, 2015. Use separate dividends payable accounts for preferred and common shares.
What is the net amount
: The legal fees were accounted for using the offset method. What is the net amount that will be credited to HFC's common share account because of transaction
|
What is the net new long-term debt
: If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt
|
What was Tanner April cash balance per the bank statement
: Bank service charges are $61. Assuming there are no other reconciling items, what was Tanner's April 30 cash balance per the bank statement
|
How much is the additional premium
: If the risk-free rate is 5.5% and the market risk premium is 6%, how much is the additional premium that XYZ, Inc. shareholders require
|
Prepare the journal entry to record the declaration
: Prepare the journal entry to record the declaration and payment of a dividend in the total amount of $95,000, on December 3, 2015
|
What are the proportions of the total cases for each payer
: Your facility has 2000 cases in the following payer mix: What are the proportions of the total cases for each payer
|
What should MMI do to acquire the machine
: What should MMI do to acquire the machine? Borrow funds to purchase the machine or lease the machine
|
Compute the correct price of the zero-coupon bond
: Assuming the risk premium of duration risk is 50 bps each year, and the bond's face value is EUR 1,000, compute the correct price of the zero-coupon bond
|
What was Sparkle Cost of sales for the year
: Gross profit of $1,307.7 million and Selling, general, and administrative expenses of $1,022.4 million. What was Sparkle's Cost of sales for the year
|