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need help with both Identifying and Analyzing Financial Statement Effects of Cash Dividends Dn March 15, 2018, Bank of America issued 94,000 stares of 6,000
need help with both
Identifying and Analyzing Financial Statement Effects of Cash Dividends Dn March 15, 2018, Bank of America issued 94,000 stares of 6,000 . Foed-to- Floating Rate Non-Cumulative Preferred Stock, Series fr for $1.88 billion. Dtwidends are payable semiannally on or about March 15 and September 15. a. Assume the stock was issued at face value. What is the face value of each Series FF share? 5 b. What will be the total dividend for the year ended Decenber 31,2018, assuming that the number of thares remains unchanged? Exer arwwer in millions. Round anwer to the neacest million. 3 imilion If a company issues 2,500 shares of common stock at a market price of 548 per share, which of the following is the correct balance sheet effect? Select one: A. Increase cash by $120,000 and increase contributed capital by $120,000 B. Increase cash by $120,000 and Increase earned capital by $120,000 C. Increase stock revenues by $120,000 D. Stock issuances are not reported on the balance theet E. None of the above Step by Step Solution
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