Hastry Production Transand Prank Ini Wanneer weer.They er been the white wake mad. They have Number of the 0.000 Nuwber con shared 550.000 Por volumen 10 ter value of commered shares $80 Pad capital como $7.000.000 Paidh kapalin doo 30 Turned from vidend is dan 3.500.000 Notre av bend Rande Evidende Chapter 12 Quitosigment frame Year Dividende Total Per Share Total Per share Year 40.000 40.000 0.20 D 0.00 2 72.000 70,000 0.36 0.00 Ver 122.000 68.000 0.34 54.000 0.99 150 000 59.000 00 0.000 013 vars 16.000 60.000 3 300.000 0.18 Ver 340.005 60,000 0.3 80.000 03 Cash Dividende The ting manager for the three of conde pourth Mastery Problem: Corporations: Organization, Stock Transactions, and Dividends Pranks, Inc. Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporat stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with th stock dividend is made. The company has two classes of stock: common stock and cumulative preferred sto Number of common shares authorized 800,000 Number of common shares issued 650,000 Par value of common shares $20 Par value of cumulative preferred shares $30 Paid-in capital in excess of par-common stock $7,000,000 Paid-in capital in excess of par preferred stock $0 Total retained earnings before the stock dividend is declared $33,500,000 No treasury share have been reissued. Dreferred. Diuidende Common Dividends Chapter 12 Quiz assignment take frame Dividends Total Total Per Share Year Per Share Year 1 40,000 40,000 0.20 0 0.00 Year 2 72.000 72,000 0.36 0 0.00 Year 3 122,000 68,000 0.34 54.000 0.09 Year 4 150,000 60,000 0.3 90.000 0.15 Year 5 168,000 60,000 0.3 108.000 0.18 Year 6 240,000 60,000 0.3 180.000 0.3 Cash Dividends The accounting manager for the company prepared the schedule of cash dividends paid from Year 1 to Year away on vacation and is unreachable by phone because he s backpacking on a remote island that does not regarding its outstanding stock War Ver Year Year . 122.000 10.000 10,000 240.000 4.000 60.000 60.000 60.000 0.34 0.3 03 0.3 14.000 0.000 100.000 10.000 03 Cash Dividends The commage for the company prepared the whole of candidate will therefore the www.nication and reality phone because he is being reporter Management de regarding thing in the few we How many show me stick are outstanding How many shares o preferred stock restanding What is the preferred vidend te percent per Additional Questions 1. After completing the Cash is planner the following question Does Pranks, I have why you can you 2.1. Lichyarahas Prank Inc. Beide preferred ovdanden Year Vear 2 wa 4 Vas Fill in the following answers. How many shares of common stock are outstanding? How many shares of preferred stock are outstanding? What is the preferred dividend as a percent of par? Additional Questions 1. After completing the Cash Dividends panel, answer the following question. Does Pranks, Inc. have any treasury stock? How can you tell? 2. In which years has Pranks, Inc. paid cumulative preferred dividends in arrears? a. Year 1 b. Year 2 c. Year 3 d. Year 4 e. Year 5 f. Year 6 Stock Dividend The company declared a 29 common stock dividend on December 1, and would like you to compute the fol actual distribution date of the stock, December 31. Fill in the missing information in the following table, using the information given and your work on the other declared and closing entries were recorded at the end of the year. Deesaw her Model 2. In what Wart Orient Themen der er the wheel and of the December them the two the wowwwwwww underway Topical back didend Totallengst didend Total cheidene before the worden Tarthesk vidend Toccare earnings were stock dividend Total hear the stock dividend