Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help trying to calcuate the dividends. please explicate re-upload, need help on how to calulate dividends Required information The following information applies to
I need help trying to calcuate the dividends. please explicate
re-upload, need help on how to calulate dividends
Required information The following information applies to the questions displayed below! Sun Corporation received a charter the authorized the issuance of 98.000 shares of $5 par common stock and 22.000 shares of 575 W 6 percent cumulative preferred stock Sun Corporation completed the following sections during first two years of operation Year 1 Tot 508 14,700 res of the connor stack for 57 pere. 12 596 2.300 shares of the percent preferred stock for share dor. Sold 15,6 mes of the ar con stock for pers. Dec 31 During the year, SMS, corevanda 5343,7 for a rating experiet 11 Declared the cash divided on the outstanding shares of preferred stock for year. The video February 15 to stocolders of recordar 10. Year 2. Year 2 Fes Pole the case olvides declared on December 31, 2. Sold 3.200 Shares of the 595 for referres Stack for se share May Purchased 50 shares of the common stock as treasury stock at sia per share. Dec. 1 During the year, earne 534,700 in cash revenues and pale $190,000 for cash operating ees. 31 Declared the annual lend on the preferred stack and $8.95 percare dont on the common stock Required Organize the transaction in accounts under an accounting equation (Enter any decreases to account balances with a minus sign. Not all cells require input) SUN CORPORATION Accounting utan Stock Equity Assets Lab Cash Dividende Pred Com SO Capa EcoP Preferred Stock Red ACT Faces of Pa Como oce Stock 72.500 . 29.400 . 165000 22000 + 12.000 17 000 176400 315 300 0242.700 - - 98000 Yeart Jans Jan 12 AS Dec 31 Dec 30 Dec Ba 7450 - . . . . + . 315300 Bercer 2027001 pentes Dividende 72.00 . 2.500 2.500 $36.000 165.000 171.500 22.000 107.000 ol. . + . . 61000- . = 33700 5500 248.700 (170.100 - 247.500 . . . Year 2 Feb 18 Mars May 5 De 1 Dec 31 Dec Bai . 5.500 . 242.700 (170, 100 orang penses + . . 926.500 2500 12.500 171.500 000+ 107 300 5500 152.2001 Required information The following information applies to the questions displayed below! Sun Corporation received a charter the authorized the issuance of 98.000 shares of $5 par common stock and 22.000 shares of 575 W 6 percent cumulative preferred stock Sun Corporation completed the following sections during first two years of operation Year 1 Tot 508 14,700 res of the connor stack for 57 pere. 12 596 2.300 shares of the percent preferred stock for share dor. Sold 15,6 mes of the ar con stock for pers. Dec 31 During the year, SMS, corevanda 5343,7 for a rating experiet 11 Declared the cash divided on the outstanding shares of preferred stock for year. The video February 15 to stocolders of recordar 10. Year 2. Year 2 Fes Pole the case olvides declared on December 31, 2. Sold 3.200 Shares of the 595 for referres Stack for se share May Purchased 50 shares of the common stock as treasury stock at sia per share. Dec. 1 During the year, earne 534,700 in cash revenues and pale $190,000 for cash operating ees. 31 Declared the annual lend on the preferred stack and $8.95 percare dont on the common stock Required Organize the transaction in accounts under an accounting equation (Enter any decreases to account balances with a minus sign. Not all cells require input) SUN CORPORATION Accounting utan Stock Equity Assets Lab Cash Dividende Pred Com SO Capa EcoP Preferred Stock Red ACT Faces of Pa Como oce Stock 72.500 . 29.400 . 165000 22000 + 12.000 17 000 176400 315 300 0242.700 - - 98000 Yeart Jans Jan 12 AS Dec 31 Dec 30 Dec Ba 7450 - . . . . + . 315300 Bercer 2027001 pentes Dividende 72.00 . 2.500 2.500 $36.000 165.000 171.500 22.000 107.000 ol. . + . . 61000- . = 33700 5500 248.700 (170.100 - 247.500 . . . Year 2 Feb 18 Mars May 5 De 1 Dec 31 Dec Bai . 5.500 . 242.700 (170, 100 orang penses + . . 926.500 2500 12.500 171.500 000+ 107 300 5500 152.2001 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