How many shares of common stock are outstanding use the

Reference no: EM13576847

You've Made It Corporation presents the following partial balance sheet as of December 31, 2015:

Stockholders' Equity
Contributed Capital
Preferred stock, 4% cumulative ($25 par value; 50,000 shares authorized;
30,000 shares issued and outstanding )	$ 750,000
Capital in excess of par, preferred stock	225,000
Common stock ($0.01 par value; 800,000 shares authorized; ________ shares issued and ____ shares outstanding	5,000

Capital in excess of par, common stock	1,300,000
Total contributed capital	$ 2,280,000
Retained Earnings	1,020,000
Treasury Stock, 40,000 common shares, at cost	(120,000)
Total stockholders' equity	$ 3180,000

Assume $15,000 dividends are paid to preferred stockholders in 2014 and $25,000 are paid to preferred stockholders in 2015. If the company announces that they will pay a total of $280,000 dividends to all shareholders in 2016, how much would have to be paid to preferred shareholders before any dividends are paid to common shareholders?

How many shares of common stock are outstanding? Use the information in Question #4, how much dividends can common shareholders receive for each share of stock?

Reference no: EM13576847

Questions Cloud

Use the rule of 70 to find the approximate doubling time : use the rule of 70 to find the approximate doubling time for a population whose annual growth rate is 0.7 u.s.? and

Do you think variance analysis is a useful tool to employ : 1. what additional information besides simply the variance may be useful to the accountant in evaluating the variance?

Sixty-four 64 patients indicated that they were : q1. if a population distribution is known to be normal then it follows thata. the sample mean must equal the population

To get the best deal on a cd player tom called eight : to get the best deal on a cd player tom called eight appliance stores and asked the cost of a specific model. the

How many shares of common stock are outstanding use the : youve made it corporation presents the following partial balance sheet as of december 31 2015stockholders

Oxford engineering manufactures small engines the engines : oxford engineering manufactures small engines. the engines are sold to manufacturers who install them in such products

If we have a sample size of 100 and the estimate of the : q1. if we have a sample size of 100 and the estimate of the population proportion is 0.10 the mean of the sampling

Youve made it corporation presents the following partial : youve made it corporation presents the following partial balance sheet as of december 31 2015stockholders

If 1000 units remain unsold at the end of the month and : if 1000 units remain unsold at the end of the month and sales total 150000 for the month what would be the amount of

User Account

All Pages