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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
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
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