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explain your answer , need reply in 2 hours thanks The Wendy Corporation's April 30 balance sheet included the following information. Total assets = $325,000,000.
explain your answer , need reply in 2 hours
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The Wendy Corporation's April 30 balance sheet included the following information. Total assets = $325,000,000. Total liabilities = $200,000,000. Total stockholders' equity = $125,000,000. Stockholders' equity consisted of the following four items.7%, noncumulative preferred stock, $100 par, 300,000 shares issued | $30,000,000 |
Common stock, $1 par, 20,000,000 shares issued | $20,000,000 |
Additional paid-in capital, common stock | $46,000,000 |
Retained earnings | $29,000,000 |
Dividends were paid to preferred stock in all previous years except for two years. Total dividends declared and paid in the current year ended April 30 were $8,000,000.
Calculate the total dollar amount of dividends paid to preferred stockholders and common stockholders in the current year ended April 30.
a. | Preferred dividends = $2,100,000. Common dividends = $5,900,000. |
b. | Preferred dividends = $4,200,000. Common dividends = $3,800,000. |
c. | Preferred dividends = $6,300,000. Common dividends = $1,700,000. |
d. | Preferred dividends = $8,000,000. Common dividends = $0. |
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