Question
ABC Company has 333,000 shares of $2 par common stock authorized and 123,000 shares of $30 par, 5%, cumulative preferred stock authorized. No dividend was
ABC Company has 333,000 shares of $2 par common stock authorized and 123,000 shares of $30 par, 5%, cumulative preferred stock authorized.
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No dividend was paid in 2020. On August 12, 2021, ABC declares a dividend of $8,000. How much of the dividend will go to the preferred stockholders and how much to the common stockholders?
Preferred: _______________ Common: _______________
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On July 13, 2022, ABC declares a dividend of $17,500. How much of the dividend will go to the preferred stockholders and how much to the common stockholders?
Preferred: _______________ Common: _______________
9. After the stock sale on February 22, 2023, what is the number of authorized, issued, and outstanding shares for each type of stock?
Authorized Issued Preferred: __________ __________
Common: __________ __________
Outstanding ________ ___________
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Guidelines For Laboratory Quality Auditing
Authors: Donald C. Singer, Ronald P. Upton
1st Edition
0824787846, 978-0824787844
