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

Question:

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

A1 1 Stockholders' Equity 2 Preferred stock, cumulative, $4.00 par, 5%, 70,000 shares issued 3 Common stock,

Ontario Manufacturing has paid all preferred dividends only through 2015.

Requirement
Calculate the total amounts of dividends to both preferred and common stockholders for 2018 and 2019 if total dividends are $90,000 in 2018 and $189,000 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 11:14 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...
Suppose that a 7% semi-annual coupon bond with a time to maturity of 8 years and a par value of $100 has a price of $106,4. This bond is first callable in 6 years at a redemption price of $104,8....
In each part, classify the quadratic form as positive definite, positive semidefinite, negative definite, negative semidefinite, or indefinite. (a) x21 + x22 (b) (x1 - x2)2 (c) x21 - x22
A is an m x n matrix with a singular value decomposition A = UV T , where U is an m x m orthogonal matrix, is an m x n "diagonal" matrix with r positive entries and no negative entries, and V is an...
18-10. Qu diferencia hay entre un cupn y una oferta ?
As a hedge fund specializing in locating attractively priced fixed-income instruments, Millennium Cerberus Fund is now reviewing its overall bond allocation strategy following the recent "liquidity...
In your opinion, what's microsoft's future financial performance?
Friendly Furniture, Inc., a manufacturer of fine hardwood furniture, is a publicly held SEC- registered company with a December 31 year- end. During May, Friendly had a flood due to heavy rains at...
Omega Products Company reported the following stockholders equity on its balance sheet: Requirements 1. What caused Omegas preferred stock to decrease during 2019? Cite all possible causes. 2. What...
The stockholders equity section of the balance sheet for Warren Corporation on August 16, 2019, follows: On August 16, 2019, the market price of Warren common stock was $20 per share. Warren declared...
(a) A long metal pipe of square cross-section (side a) is grounded on three sides, while the fourth (which is insulated from the rest) is maintained at constant potential V0. Find the net charge per...
Thomson Company's income statement for the year ended December 31, 20X4, reported net income of $360,000. The financial statements also disclosed the following information: Depreciation $60,000...
Based on past experience, Maas Corporation (a U.S.-based company) expects to purchase raw materials from a foreign supplier at a cost of 1,800,000 francs on March 15, 2024. To hedge this forecasted...
Suppose that laws are passed banning labor unions and that resulting lower labor costs are passed along to consumers in the form of lower prices. Assume that the U.S. economy was in long-run...
What's wrong with the following statement? "Because the digits 0, 1, 2,....9 are the normal results from lottery drawings, such randomly selected numbers have a normal distribution." Choose the...
Matching Question Drag and drop various responsibilities of employers that are related to workplace values against the corresponding values. Drag and drop application. Justice Justice drop zone...
The average annual cost (tuition, fees, and room and board) at four-year private colleges rose from $5600 in 1980 to $43,921 in 2015. Compare the increase in the cost of college to the increase in...
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
Kiram Corporation purchased machinery on January 1, 2012, at a cost of $350,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of...
Paulson Corporation??s unadjusted trial balance at December 1, 2012, is presented below. The following transactions occurred during December.Dec. 2 Paulson purchased equipment for $16,000, plus sales...
Refer to the financial statements and the Notes to Consolidated Financial Statements of Tootsie Roll Industries in Appendix A. Instructions Answer the following questions. (a) What were the total...
Prepare journal entries to record the following events: Jul. 1 Klemens Company accepted a 5%, 3-month, $8,000 note dated July 1 from Mox Company for the balance due on Mox's account. Jul. 31 Klemens...
FINANCIAL STATEMENT ANALYSIS INSTRUCTIONS 1. PREPARE RATIO ANALYSIS REPORT ( word file) Format 1. Introduction 2. Importance of Financial Statements 3. Importance of Financial statement analysis and...
Let us assume that Europe is in recession, China's economy is slowing down, and the US economy is growing at 1-2%. Use these assumptions to invest in 4 ETFs (electronically traded funds). The 4 ETFs...

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

Question:

A1 1 Stockholders' Equity 2 Preferred stock, cumulative, $4.00 par, 5%, 70,000 shares issued 3 Common stock, $0.05 par, 9,250,000 shares issued 4 $ B 280,000 462,500

Step by Step Answer:

Preferred Common Total 2018 Total dividend 90000 Preferred dividends in arrears 2016 70000 ...View the full answer

Financial Accounting

Students also viewed these Business questions