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annual dividend on the preferred stock

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annual dividend on the preferred stock 1. Outstanding stock of the Core Corporation included 20,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumulative preferred stock. In 2012, Core declared and paid dividends of $4,000. In 2013, Core declared and paid dividends of $12,000. How much of the 2013 dividend was distributed to preferred shareholders? a. $7,000 b. $4,000 c. $5,000 d. None of the above 2. On January 1, Collins Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15% stock dividend. Market value of the stock was $15/share. As a result of this event, a. Collins’ Paid-in Capital in Excess of Par account increased $600,000. b. Collins’ total stockholders’ equity was unaffected. c. Collins’ Stock Dividends account increased $1,800,000. d. All of the above. 3. On January 1, Edison Corporation had 1,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 20% stock dividend. Market value of the stock was $15/share. As a result of this event, a. Edison’s Paid-in Capital in Excess of Par account increased $1,000,000. b. Edison’s total stockholders’ equity was unaffected. c. Edison’s Stock Dividends account increased $3,000,000. d All of the above. 4. Start Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2013. What is the annual dividend on the preferred stock? a. $60 per share b. $30,000 in total c. $50,000 in total d. $0.60 per share 5. Arm, Inc., has 10,000 shares of 6%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $200,000 dividend, the a. preferred stockholders will receive 1/10th of what the common stockholders will receive. b. preferred stockholders will receive the entire $200,000. c. $60,000 will be held as restricted retained earnings and paid out at some future date. d. preferred stockholders will receive $60,000 and the common stockholders will receive $140,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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