Reference no: EM131202246
Raphael Corporation’s common stock is currently selling on a stock exchange at $192 per share, and its current balance sheet shows the following stockholders’ equity section:
Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding$60,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 200,000 Retained earnings 330,000 Total stockholders' equity $590,000
What are the par values of the corporation's preferred stock and its common stock??
if no dividends are in arrears, what are the book values per share of the preferred stock and the common stock??
?if two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock??
if two years’ preferred dividends are in arrears and the preferred stock is callable at $70 per share, what are the book values per share of the preferred stock and the common stock??
If two years’ preferred dividends are in arrears and the board of directors declares cash dividends of $16,000, what total amount will be paid to the preferred and to the common shareholders??
What is the amount of dividends per share for the common stock? (Round your answer to two decimal places.)
|
The allowance for uncollected pledges
: Something that auditors look at is the allowance for uncollected pledges. Are you familiar with this concept? It's similar to the allowance for doubtful accounts or bad debt. Why is it so important that nonprofits make a fair estimate in their allowa..
|
|
The three activities under activity-based costing
: A company uses activity-based costing to determine the costs of its three products: A, B and C. The activity rates and activity levels for each of the company's three activity cost pools are shown below. Budgeted Activity Activity Cost Pool Activity ..
|
|
The preferred stock was originally issued
: Rooney Corp. has outstanding 500 shares of $50 preferred stock. Each share of preferred can be converted into four shares of $10 common stock. The preferred stock was originally issued at $75 per share. The market value of the common stock at the tim..
|
|
Auditing service company and manufacturing company
: Would you please tell me about the differences between auditing a service company and a manufacturing company and what adjustments would have to make to their audit planning if they were to audit a service company?
|
|
What is amount of dividends per share for the common stock
: Raphael Corporation’s common stock is currently selling on a stock exchange at $192 per share, and its current balance sheet shows the following stockholders’ equity section: If two years’ preferred dividends are in arrears and the board of directors..
|
|
Basis in the equipment received in the exchange
: During 2015, Paul sells residential rental property for $280,000, which he acquired in 1995 for $145,000. Paul has claimed straight-line depreciation on the building of $54,500. What is the amount and nature of Paul's gain on the sale of the rental p..
|
|
Domestic corporations that own one class of stock
: A-Corp owns 100% of B-Corp and C-Corp. A-Corp sells its C-Corp stock to D-Corp during 2014. All letters refer to domestic corporations that own one class of stock and are includable. -Does A-Corp's sale of it's C-Corp stock end the affiliated group? ..
|
|
Where can you enter class information for transactions
: Where can you enter class information for transactions? Where do you enter shipping charges for items received? Analyzing the Balance Sheet will allow you to calculate the gross margin percentage.
|
|
Complete cost reduction program for green financial
: On January 1 Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month period. Revis will receive $56,000 from Green at the end of each month. If total cost savings reach a specific target, Rev..
|