What is the amount of dividends common shareholders

Assignment Help Accounting Basics

Reference no: EM131765761

Question: The shareholders' equity of MLS Enterprises includes $260 million of no par common stock and $520 million of 5% cumulative preferred stock. The board of directors of MLS declared cash dividends of $60 million in 2016 after paying $22 million cash dividends in both 2015 and 2014.

What is the amount of dividends common shareholders will receive in 2016? Complete the chart.

	total cash dividend paid	paid to preferred	paid to common	dividends in arrears at year end
2014	22	22	0	4
2015	22	22	0	8
2016	60	???	???	0

Reference no: EM131765761

Questions Cloud

Radioactive isotope of americium undergoes alpha decay : Determine the element, atomic number, and the number of nucleons after the radioactive isotope of Americium undergoes Alpha decay:

Determine shadee budgeted direct labor cost : Shadee Corp. expects to sell 550 sun visors in May and 380 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May.

Discuss the rationale behind your conclusions : identify where it would be listed on the balance sheet, and determine if it would be depreciated

What is corporate tax rate in countries you are considering : What is the corporate tax rate in the countries you are considering expanding your business to, and how will that affect your decision to expand globally?

What is the amount of dividends common shareholders : The shareholders' equity of MLS Enterprises includes $260 million of no par common stock and $520 million of 5% cumulative preferred stock.

What is the half-life of this isotope : What is the half-life of this isotope? Show your work to receive full credit for this problem.

Determine the amount of sales revenue dorough will report : Determine the amount of sales revenue Dorough will report on the first 2009 qtrly pro forma income statement

Sole traders differ in respect of such issues as taxation : The manner in which the accounts of limited companies and sole traders differ in respect of such issues as taxation, directors remuneration, profit and loss

Describe three major features of pcp intoxication : Describe three major features of PCP intoxication that are significantly different from the effects of other hallucinogens.

User Account

All Pages