Huron Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: Huron Manufacturing has

Question:

Huron Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019:

A1 Stockholders' Equity 2 Preferred stock, cumulative, $3.00 par, 4%, 55,000 shares issued $ 165,000 Common stock, $0.35

Huron Manufacturing has paid all preferred dividends only through 2015.

Requirement

1. Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $40,000 in 2018 and $120,000 in 2019.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

See More Books

Question Posted: Jun 18, 2019 11:17 AM

See More Questions

Alabama Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015: Stockholders Equity Preferred stock, cumulative, $1.00 par, 5%, 90,000 shares issued .... $ 90,000...
Mississippi Manufacturing, Inc., reported the following at December 31, 2014 and December 31, 2015: Stockholders Equity Preferred stock, cumulative, $2.00 par, 6%, 70,000 shares issued .... $ 140,000...
Supreme Manufacturing, Inc., reported the following at December 31, 2016, and December 31, 2017: Supreme Manufacturing has paid all preferred dividends through 2013. Requirement 1. Compute the total...
The unadjusted trial balance of Mesa Inc., at the company's year end of December 31 follows: Additional information and adjustment data: 1. The 12-month insurance policy was purchased and was...
Discuss: How can the procedure in Exercise 7 be used to solve y - 6y + 11y - 6y = 0? Carry out your ideas. Exercise 7 It is possible to solve a single differential equation by expressing the equation...
What is one pro and one con of a minimum wage? Do you believe that raising the minimum wage would be an appropriate way to decrease income inequality? Why or why not?
Para aumentar su estrategia de promocin del captulo 17: 1 Utilice la figura 18-3 a fin de seleccionar el medio publicitario que usted incluir en su plan al examinar la manera en la que las...
Starbucks Corporationlike all other businessesmakes adjusting en-tries at year- end in order to measure assets, liabilities, revenues, and expenses properly. Examine Starbucks Corporations Balance...
12) The primary regulator of mutual funds is the: A) NASD. B) CFTC. C) NYSE. D) SEC. E) NSMIA
Cassi Taxpayer (SSN 412-34-5670) who is single, has a home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2014: Gross...
Optical Products Company reported the following stockholders equity on its balance sheet: Requirements 1. What caused Opticals preferred stock to decrease during 2019? Cite all possible causes. 2....
The stockholders equity section of the balance sheet for Yarrow Yogurt Company on August 12, 2019, follows: On August 12, 2019, the market price of Yarrow common stock was $18 per share. Yarrow...
A midwestern university offers its employees three choices for health care: a clinic-based health maintenance organization (HMO), a preferred provider organization (PPO), and a traditional...
3. Suppose we have n i.i.d., uniform-(0,t) random variables. Place these random variables on the interval (0, t]. Let 0 = 80 < 81 < ... < Sn1 < (0,t]. Skt. Compute the probability that there are in...
3. (3 pts) Use Python to write a function that takes a single input, a list of numbers. The function should loop through the list and, on each iteration, print the number if it is the largest number...
a) A linear charge density = 4z C/m is distributed on the z axis, what is the total charge within a cylinder of radius r = 0.5 m and height h = 5 m which extends from z = 1 to z = 4? b) A uniform...
Read the articles given below on module 9 now read the articles given below on module 10 Now answer these questions based on both modules slideshow pictures and the links readings Describe how the...
2. For each equation, state the quantity (with units) represented by each variable. a) D=mV F b) P== A c) P = Dgh g 3. Write a single sentence answering each question. a) If the mass remains constant...
Explain why temperatures on the Fahrenheit or Celsius scales are at the interval level of measurement while distances are at the ratio level.
An environmentalist wants to determine if the median amount of potassium (mg/L) in rainwater in Lincoln County, Nebraska, is different from that in the rainwater in Clarendon County, South Carolina....
Pegasus Corporation purchased debt investments for $40,800 on January 1, 2012. On July 1, 2012, Pegasus received cash interest of $1,660. Journalize the purchase and the receipt of interest. Assume...
On August 1, Jewel Company buys 1,000 shares of ABC common stock for $35,000 cash plus brokerage fees of $600. On December 1, the stock investments are sold for $38,000 in cash. Journalize the...
Faye Company owns 25% of Trish Company. For the current year, Trish reports net income of $150,000 and declares and pays a $60,000 cash dividend. Record Fayes equity in Trishs net income and the...
Cash from Operating Activities: ______________ Cash from Investing Activities: ______________ Cash from Financing Activities: ______________ Problem 2: Financial Ratios The GAP Macys 1 Current Ratio...
On January 1, 2021, Winky Enterprises issued 12% bonds dated January 1, 2021, with a face amount of $2,800,000. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market...
Using the following accounts and balances, prepare the stockholders' equity vection of the balance sheet. Pilty thousand shares of common stock are authorised, and 1,000 shares have been recoured,...

Huron Manufacturing, Inc., reported the following at December 31, 2018, and December 31, 2019: Huron Manufacturing has

Question:

A1 Stockholders' Equity 2 Preferred stock, cumulative, $3.00 par, 4%, 55,000 shares issued $ 165,000 Common stock, $0.35 par, 9,170,000 shares issued 3 3,209,500

Step by Step Answer:

Req 1 Preferred Common Total 2018 Total dividend 40000 Preferred dividends in arrears 2016 5...View the full answer

Financial Accounting

Students also viewed these Business questions