Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show working and explain how the answers are gotten! thanks you can just do the first one Chapter 12 Homework Dividends Per Share Sandpiper

Please show working and explain how the answers are gotten! thanks
image text in transcribed
image text in transcribed
you can just do the first one
Chapter 12 Homework Dividends Per Share Sandpiper Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: 20Y1 $37,500 20Y2 7,500 45,000 2013 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Preferred Stock Common Stock (dividends per share) (dividends per share) 2011 1.5 20Y2 2013 Feedback Chapter 12 Homework Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,325,000; and Retained Earnings, $12,900,000. During June, Noric issued for cash 30,000 shares of common stock (with a stated value of $1) at $16 per share. Noric reported the following results for the month ended October 31: Net income $2,450,000 Cash dividends declared 495,000 Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity For the Month Ended October 31 Common Stock Additional Paid-In Capital Retained Earnings Total Previous Next

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_2

Step: 3

blur-text-image_3

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

Sound Investing, Chapter 25 - Change In Auditors

Authors: Kate Mooney

3rd Edition

0071719474, 9780071719476

More Books

Students also viewed these Accounting questions