Reference no: EM132794631
Question - Blossom, Inc. has $500,000, $0.50, no par value preferred shares (50,000 shares) and $1,000,000 of no par value common shares outstanding (80,000 shares). No dividends were paid or declared during 2018 and 2019. The company wants to distribute $273,500 in dividends on December 31, 2020.
a. Calculate the amount of dividends to be paid to each group of shareholders (i.e. preferred and common), assuming the preferred shares are non-cumulative and non-participating.
b. Calculate the amount of dividends to be paid to each group of shareholders (i.e. preferred and common), assuming the preferred shares are cumulative and non-participating.
c. Calculate the amount of dividends to be paid to each group of shareholders (i.e. preferred and common), assuming the preferred shares are cumulative and fully participating. (Round intermediate percentage calculations to 2 decimal places, e.g. 15.25% and final answers to 0 decimal places, e.g. 1,225.)
|
Planning of finished goods and inventory management
: What is the best way to manage: Planning of Finished goods and Inventory management of finished goods, in a scenario when we don't know the market demand? What
|
|
What are the size of the payments he must make
: Steven purchases a car for $25500, If Steven does not choose to pay cash, what are the size of the payments he must make
|
|
Find what amount be reported as retained earnings on dec
: Charm Company reported net income of P1,500,000 for 2017, P2,500,000 for 2018, What amount should be reported as retained earnings on December 31, 2020?
|
|
Telemedicine during the covid-19 pandemic
: What are the challenges and opportunities of using telemedicine during the COVID-19 pandemic?
|
|
Calculate the amount of dividends to be paid to each group
: Blossom, Inc. has $500,000, $0.50, no par value preferred shares (50,000 shares). Calculate the amount of dividends to be paid to each group of shareholders
|
|
What aggregate amount should be debited to retained earnings
: Sushi Company declared and distributed 10% stock dividend, What aggregate amount should be debited to retained earnings for the stock dividends?
|
|
What amount should be reported as retained earnings on dec
: On January 1, 2020, entity sold 20,000 additional shares, The income tax rate is 30%. What amount should be reported as retained earnings on December 31, 2020?
|
|
What is the distribution of dividends in year three
: Booyah Party Supplies, Inc. outstanding stock consists of 80,000 shares of cumulative 7.5% Preferred Stock, What is the distribution of dividends in year three
|
|
What is meant by binding constraint
: What is meant by binding constraint? What information does it provide to a manager about a production process?
|