homework - chapter 10

UIUU forma w Fools Gold, Inc., prepared the following stockholders' equity section as of December 31, 2018 (Click the icon to view the data.) 1. Answer the following questions about Fools Gold, Inc.'s dividends. (Click the icon to view the questions.) a. How much in dividends must Fools Gold, Inc., declare each year before the common stockholders get any cash dividends for the year? Select the formula needed to determine this amount and then enter the amounts to calculate the dividends that must be declared. - Preferred dividends Choose from any list or enter any number in the input fields and then click Check Answer 3 parts S remaining Clear All Check Answer hit na itinni Question Help - med the following stockholders' equity section as of 1. Answer the following questions about Fools Gold, Inc.'s dividends. (Click the icon to view the questions.) iew the data.) 0 Data Table year? nds must Food eded to determ 45,000 Stockholders' Equity Paid-in capital: Preferred stock, 7%, $50 par, 10,000 shares authorized, 900 shares issued and outstanding Common stock, $8 par, 28,000 shares authorized, 1,000 shares issued and outstanding Paid-in capital in excess of par-common Total paid-in capital Retained earnings Total stockholders' equity 8,000 55,000 S 108,000 130,000 5 238,000 Print Done st or enter any number in the input fields and then click Check Answer. icon to view the questions.) to view the data.) vidends must Fools Gold, Inc., declare each year before the common stockholders get any cash dividends for the year a needed to A More Info a. How much in dividends must Fools Gold, Inc., declare each year before the common stockholders get any cash dividends for the year? b. Suppose Fools Gold, Inc., declares cash dividends of $40,000 for 2018. How much of the dividends goes to preferred? How much goes to common? C. Is Fools Gold, Inc.'s preferred stock cumulative or noncumulative? How can you tell? d. Suppose Fools Gold, Inc., passed the preferred dividend in 2016 and 2017. In 2018 the company declares cash dividends of $14,000. How much of the dividends goes to preferred? How much goes to common? Score: 0 of 2 pts 1 of 4 (0 complete) S10-8 (similar to) Fools Gold, Inc., prepared the following stockholders' equity section as of December 31, 2018 (Click the icon to view the data.) 1. Answer the following q (Click the icon to viev a. How much in dividends must Fools Gold, Inc., declare each year before the common stockholders get any ca Select the formula needed to determine this amount and then enter the amounts to calculate the dividends that = Preferred dividends Market value per share Par value per share Shares outstanding Total par value rk: Homework - Chapter 10 1 of 4 (0 complete) r to) pared the following stockholders' equity section as of 1. Answer the following questions about Fools (Click the icon to view the questions.) o view the data.) Idends must Fools Gold, Inc., declare each year before the common stockholders get any cash dividends for the ye needed to determine this amount and then enter the amounts to calculate the dividends that must be declared. Preferred dividends Dividend rate Par value rate Return on income