Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help ! Question 9 View Policies Current Attempt in Progress Pina Colada Corp. has 1350 shares of 12%, $100 par value, cumulative preferred stock

please help ! image text in transcribed
image text in transcribed
image text in transcribed
Question 9 View Policies Current Attempt in Progress Pina Colada Corp. has 1350 shares of 12%, $100 par value, cumulative preferred stock and 67500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? $120 per share $1200 in total $16200 in total. $1.20 per share Attempts: 0 of 1 used Submit Antwer Save for Later Your grade has been recorded in the Gradebook Sunland Company's December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 30000 shares authorized: 19000 shares issued $190000 Common stock, $10 par value, 4,000,000 shares authorized; 19700000 2,600,000 shares issued, 2,560,000 shares outstanding Paid-in capital in excess of par value - preferred stock 72000 Paid-in capital in excess of par value - common stock 28300000 Retained earnings 9650000 Treasury stock (40,000 shares) 468000 Sunland's total paid-in capital was $49102000 $48262000. O O O O $47422000 $20762000. View Policies Current Attempt in Progress Cheyenne Corp. had net income of $70355 and paid dividends of $37500 to common stockholders and $15500 to preferred stockholders in 2020. Cheyenne Corp's common stockholders' equity at the beginning and end of 2020 was $445000 and $590000, respectively. Cheyenne Corp's return on common stockholders' equity is 10.6% 14.6% 9.6% 5.6%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Assurance Services And Ethics In Australia

Authors: Alvin Arens

10th Edition

1488609136, 978-1488609138

More Books

Students also viewed these Accounting questions

Question

describe the main employment rights as stated in the law

Answered: 1 week ago