Business, 13.05.2021 21:10 gungamer720
Chicago Company reported the following information at the end of the current year:
Common stock ($8 par value; 35,000 shares outstanding) $ 280,000
Preferred stock, 10% ($15 par value; 8,000 shares outstanding) 120,000
Retained earnings 281,000
The board of directors is considering the distribution of a cash dividend to the two groups of stockholders. No dividends were declared during the previous two years. Assume the three cases below are independent of each other.
Case A: The preferred stock is noncumulative; the total amount of all dividends is $31,000.
Case B: The preferred stock is cumulative; the total amount of all dividends is $36,000.
Case C: The preferred stock is cumulative; the total amount of all dividends is $90,000.
Required:
Compute the amount of dividends, in total and par share, that would be payable to each class of stockholders for each case. (Round "Dividends per Share" to 2 decimal places.)
DividendsDividends par Share
Case A
Case B
Case C
Answers: 1
Business, 21.06.2019 21:30, Studyhard4706
8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.
Answers: 1
Business, 22.06.2019 02:30, teresaduggan1433
On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.
Answers: 3
Chicago Company reported the following information at the end of the current year:
Common stock ($8...
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