Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Current Attempt in Progress Bramble Corporation had net income of $250000 and paid dividends of $390000 to common stockholders and $10000 to preferred stockholders in
Current Attempt in Progress Bramble Corporation had net income of $250000 and paid dividends of $390000 to common stockholders and $10000 to preferred stockholders in 2020. Bramble Corporation's common stockholders' equity at the beginning and end of 2020 was $880000 and $1120000, respectively. There are 98000 weighted-average shares of common stock outstanding. BrambleCorporation's return on common stockholders' equity was 9.8%. O 24.0%. O 17.7%. O 19.6%. Save for Later 23967 Attempts: 0 of 1 used. Submit Answer Coronado, Inc. has a net income of $310000 for 2020, and there are 202000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $47400 on the preferred stock and $64700 on the common stock. The earnings per share for 2020 is O $2.51. O $1.30. O $1.21. O $1.01. On January 2, 2017, Crane Corporation issued 74000 shares of 6% preferred stock at $100 par value. On December 31, 2020, Crane Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders? O $1776000 O $1332000 O $444000 $0 Save for Later issue, t tockhol ermitted Marigold's Organics Corporation began business in 2020 by issuing 89000 shares of $3 par common stock for $9 per share and 23400 shares of 5%, $10 par preferred stock for par. At year end, the common stock had a market value of $13. On its December 31, 2020 balance sheet, Marigold Packaging would report O Common Stock of $267000. O Common Stock of $801000. O Common Stock of $1157000. O Paid-In Capital of $267000. Save for Later
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started