Amount of dividends received by common stockholders

Assignment Help Accounting Basics
Reference no: EM13141736

Manner inc. has 15000 shares of 6%, $100 par value, noncumulative preferred stock and 30,00 shares of $1 par value common stock outstanding at december 31, 2011. there were no dividends declared in 2010. The board of directors declares and pays a $150,000 dividend in 2011. What is the amount of dividends received by the common stockholders in 2011?

Reference no: EM13141736

Questions Cloud

Prepare the journal entry to record the purchase : Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record the purchase by Broadcourt.
Confidence interval find for population mean weight-tea bags : Construct a 99% confidence interval estimate for the population mean weight of the tea bags. Is the company meeting the requirement set fourth on the label that the mean of tea in a bag is 5.5 grams?
Discuss what knowledge of these areas an auditor possess : Client’s position within the market. Give examples of risk that could be present and discuss what knowledge of these areas an auditor should possess
What will happen to the age structure of the population : What will happen to the age structure of the population? What about birthrates?
Amount of dividends received by common stockholders : Manner inc. has 15000 shares of 6%, $100 par value, noncumulative preferred stock and 30,00 shares of $1 par value common stock outstanding at december 31, 2011. there were no dividends declared in 2010. The board of directors declares and pays a ..
Define probability of a false alarm- noise power : Probability of a False Alarm: Noise Power, The fixed threshold of a radar detector was set, assuming a known noise power, to yield P_FA = 10^-6
How many formula units required : How many formula units make up 26.2 g of magnesium chloride (MgCl_2)?
Why not use trial balance to report financial information : Why not use trial balance to report financial information internally and externally? What limitations does it have over formal financial statements?
How many people in sub-saharan africa are infected with hiv : Approximately how many people in sub-Saharan Africa are infected with HIV? How many died in the last year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the 3 different trial balances

What are the differences between accrual and cash basis accounting? Why is cash accounting not appropriate for financial reporting?

  Describe the internal and external users

Describe the internal and external users of your company's stock information and what they would be looking for in your financial statements.

  What is the budgeted net income for february

The Butterfly Corporation had the following information that pertained to its March budget.

  Calculate the portfolio beta and then apply sml

Mary has a three-stock portfolio and is interested in estimating its overall return next year. She has $25,000 invested in Orange Corp-Calculate the portfolio beta and then apply the SML.

  What is your break-even sales number

Your company has been in business as a supplier or electricity for over 50 years. You have always made a profit. Your current sales, for the past 3 years, have been 10 Million dollars and your variable costs run at 70% of sales, or 7 Million. Your..

  Accounting for social clubs

What financial information are such clubs likely to collect and maintain? Assuming that the club keeps manual accounting records; would you consider such systems accounting information systems? Why or why not?

  How medicare and medicaid have affected cost-setting

When Medicare and Medicaid were created, reimbursement of services changed. These entities comprised a very large portion of a health care provider's business. Explain how Medicare and Medicaid have affected cost-setting for a health care organiza..

  Variance between budget-actual amounts

A performance report for direct labor shows a variance between the budget and actual amounts. This difference is a:

  Cumulative effect of accounting change

Suppose a 40% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is

  Determining interest deduction

Al and Amy file a joint return for the 2007 tax year. Their adjusted gross income is $80,000. They had net investment income of $9,000. In 2007, they had the following interest expenses:

  Prtoblem related to single taxpayer

Anil, a single taxpayer, acquired 100 shares of Section 1244 stock in 2003 for $200,000. In 2010, Anil sold all of the shares to William for $50,000. How should Anil treat the loss?

  Choose the latest proposal on changes

Choose the latest proposal on changes to the treatment of capital gains and losses in which you agree would be the most beneficial to individual taxpayers indicating how these changes could be implemented.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd