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(Part A, Part B, Part C, and Part D) Hello If anyone can help me with this four part problem that I don't seem to
(Part A, Part B, Part C, and Part D) Hello If anyone can help me with this four part problem that I don't seem to get that would be greatly appreciated and if you can make sure it's correct.Thanks again
Part A
Part B
Part C
Part D
Sheridan Inc. has 5300 shares of 4%, $100 par value, cumulative preferred stock and 49400 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $ 37 per share $ 21200 in total $0.43 per share O $ 49400 in total On December 31, 2020, Sheffield, Inc. has 3900 shares of 5% $100 par value cumulative preferred stock and 60000 shares of $10 par value common stock outstanding. On December 31, 2020, the directors declare a $ 17100 cash dividend. The entry to record the declaration of the dividend would include: a debit of $ 17100 to Common Stock. O a credit of $ 17100 to Dividends Payable. O a note in the financial statements that dividends of $ 5 per share are in arrears on preferred stock for 2020. O a credit of $ 17100 to Cash Dividends. Coronado Inc. has retained earnings of $ 780000 and total stockholders' equity of $ 1960000. It has 319000 shares of $5 par value common stock outstanding, which is currently selling for $ 32 per share. If Coronado declares a 10% stock dividend on its common stock: O retained earnings will decrease by $ 159500 and total stockholders' equity will increase by $ 159500. O net income will decrease by $ 159500. O retained earnings will decrease by $ 1020800 and total stockholders' equity will increase by $ 1020800. O retained earnings will decrease by $ 1020800 and total paid-in capital will increase by $ 1020800. Bonita, Inc. has 9500 shares of 5%, $100 par value, noncumulative preferred stock and 95000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $ 49500 dividend in 2019. In 2020, $ 110800 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020? Preferred Common $0 $ 110800 $ 55400 $ 55400 $ 72800 $ 38000 $ 47500 $ 63300Step by Step Solution
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