A corporation has 20,000 $8.00 preferred shares outstanding with a stated value of $2,000,000. Also, there are 20,000 common shares outstanding. If a $350,000 dividend is paid, how much goes to the preferred shareholders? A. $0 B. $350,000 C. $160,000 D. $120,000 E. $320,000 These account balances at December 31 relate to Sportring Inc.: Accounts Payable... $ 51,400 Preferred Shares, $0.10, Accounts Receivable 81,950 890,000 shares issued 89,000 Common Shares. 599,000 Retained Earnings... 71,600 Bonds Payable 3,200 Notes Receivable 12,700 If Sportring's board of directors decided to declare a dividend on December 31, what is the largest dividend O A. $759,600 B. $599,000 c. $71,600 D. $8,900 Preferred book value is calculated by: A. dividing total preferred equity plus dividends in arrears by the number of preferred and common shares outstanding B. dividing total preferred equity plus dividends in arrears by the number of preferred shares outstanding C. dividing total preferred equity less dividends in arrears by the number of preferred shares outstanding D. dividing total preferred equity plus dividends in arrears by the number of common shares outstanding The shareholders' equity section of the balance sheet for Vivitas Stevia Corporation is shown below: Share capital: Preferred shares, 10,000 shares authorized, 7,000 shares issued of $3.50 preferred, redemption value $56 per share $350,000 Common shares, 50,000 shares authorized, 18,000 shares issued 180,000 Total share capital $530,000 Retained earnings 300.000 Total Shareholders' equity $830,000 Assume there are 2 years' dividends in arrears on the preferred shares, including the current year, the book value per share for Vivitas Stevia common shares is: A. $26.47 B. $21.61 C. $26.67 D. $25.50 The following information is available for Aerius Corporation for the current year: Net income $160,000 Preferred dividends 30,000 Interest expense 18,000 Beginning of year: Total assets 900,000 Total liabilities 300,000 Total common shareholders' equity 375,000 End of year: Total assets 950,000 Total liabilities 350,000 Total common shareholders' equity 400,000 The return on assets for Aerius Corporation is: A. 18.7% B. 19.8% C. 17.3% D. 19.2% These account balances at December 31 relate to Sports Time Inc.: Accounts Payable $ 51,400 Preferred Shares, $0.10, Accounts Receivable 81,550 82,000 shares issued 820,000 Common Shares 597,000 Retained Earnings 71,500 Bonds Payable 3,900 Notes Receivable.... 12,800 *All dividends were declared in the current year. Sports Time's net income for the period is $119,200 and beginning common shareholders' equity is $681,500. What is Sports Time's return on common shareholders' equity? (Round the percentage to the nearest tenth percent, X.X%.) O A. 15.7% B. 18.6% c. 17.5% D. 16.4% Maria's Foods has outstanding 250 $5.00 preferred shares and 1,300 common shares. Maria's declares dividends of $15,300. The correct entry is: 1,250 14,050 15,300 15,300 7,650 A. Dividends Payable, Preferred Dividends Payable, Common Cash B. Retained Earnings Dividends Payable, Preferred Dividends Payable, Common C. Dividends Expense Cash D. Retained Earnings Dividends Payable, Preferred Dividends Payable, Common 7,650 15,300 15,300 15,300 1,250 14,050 Marco Company's net income and preferred dividends are $40,000 and $4,000, respectively, and average total common shareholders' equity is $400,000. How much is Marco's return on equity? A. 11.0% B. 11.6% C. 9.0% D. 10.0% These account balances at December 31 relate to Sportaid Inc.: Accounts Payable. $ 51,700 Preferred Shares, $0.10, Accounts Receivable 81,350 890,000 shares issued 89,000 Common Shares 593,000 Retained Earnings 71,800 Bonds Payable 3,400 Notes Receivable .. 12,500 If the average issue price of Sportaid's outstanding common shares is $11.86, how many common shares are issued and outstanding? A. 50,000 B. 100,000 C. 593,000 D. Unknown A company declares a 5% stock dividend. The debit to Retained Earnings is an amount equal to the A. book value of the shares to be issued. B. excess of the market price over the original issue price of the shares to be issued. C. stated value of original shares. D. fair value of the shares to be issued. These account balances at December 31 relate to Sportaid Inc.: Accounts Payable $ 51,700 Preferred Shares, $0.10, Accounts Receivable 81,350 890,000 shares issued Common Shares 593,000 Retained Earnings.. Bonds Payable 3,400 Notes Receivable .. What is the total share capital for Sportaid Inc.? 89,000 71,800 12,500 A. $682,000 B. $701,345 C. $694,445 D. $753,800 E. None of the above