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DO IT! Exercises and DO IT! 14.1a (LO 1), AP Herr Corporation has 3.000 shares of 7%, $100 par value preferred stock outstanding at December

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DO IT! Exercises and DO IT! 14.1a (LO 1), AP Herr Corporation has 3.000 shares of 7%, $100 par value preferred stock outstanding at December 31, 2022. At December 31, 2022, the company declared a $105.000 cash div. Det idend. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios. 1. The preferred stock is noncumulative, and the company has not missed any dividends in previous years. 2. The preferred stock is noncumulative, and the company did not pay a dividend in cach of the two previous years. 3. The preferred stock is cumulative, and the company did not pay a dividend in each of the two pre- vious years. DO IT! 14.1b (LO 1), AP Jurgens Company has had 4 years of net income. Due to this success, the market price of its 400,000 shares of $3 par value common stock has increased from 12 per share to $46. During this period, paid-in capital remained the same at $2,800,000. Retained earnings increased from $1.800,000 to $12,000,000. President E. Rife is considering either a 15% stock dividend or a 2 for 1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings and (b) total stockholders' equity. DO IT! 14.2 (LO 2), AN On January 1, 2022, Vahsholtz Corporation purchased 5,000 shares of treasury stock. Other information regarding Vahsholtz Corporation is provided as follows. 2021 2022 Net income $100,000 $110,000 Dividends on preferred stock 30,000 30,000 Dividends on common stock 20,000 18.000 Common stockholders' equity beginning of year 600,000 750,000 Common stockholders' equity end of year 750,000 830.000 (a) Compute return on common stockholders' equity for each year, and (b) discuss its change from 2021 to 2022 DO IT! 14.3 (LO3), AN On January 1, 2022, Vahsholtz Corporation purchased 5,000 shares of treasury stock. Other information regarding Vahsholtz Corporation is provided as follows. 2021 2022 Net income $100,000 $110,000 Dividends on preferred stock $30,000 $30,000 $20,000 Dividends on common stock $25.000 Weighted average number of common shares outstanding 50,000 45,000 $600,000 $750,000 Common stockholders' equity beginning of year $750.000 $830,000 Common stockholders' equity end of year (a) Compute earnings per share for each year and (b) discuss its change from 2021 to 2022

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