Problem 1:
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Problem 2:
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Problem 3:
Kerry Company has 750 shares of $100 par value, 12% preferred stock and 9,000 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2013. Since 2013, Kerry has declared and paid dividends as follows: 2014 2015 $ 0 9,800 19,100 23,900 2016 2017 Required: 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2015 to 2017. If an amount is zero, enter "O". Year Preferred Dividends Common Dividends 2015 0 2016 $ 2017 $ $ 2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? Year Preferred Dividends Common Dividends 2015 2016 2017 $ Solve for Unknowns The Stockholders' Equity category of Nettle Corp. balance sheet appears below. Common stock, $10 par, 13,400 shares issued, 9,200 outstanding $ ? Additional paid-in capital ? Total contributed capital $348,000 Retained earnings 93,000 Treasury stock, ? shares at cost 9,500 Total stockholders' equity $ ? Required: 1. Determine the missing values indicated by question marks. Common stock total par value Additional paid-in capital $ $ $ Total stockholders' equity Number of shares of treasury stock shares 2. What was the cost per share of the treasury stock? Round your answer to the nearest cent. per share Stockholders' Equity Category Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of 1,200 shares of $100 par, 7% cumulative, nonparticipating preferred stock and 15,000 shares of $5 par comman stock. On January 10, Pecler issued for cash 520 shares of preferred stock at $122 per share and 4,100 shares of comman stock at $95 per share. On January 20, it issued 1,300 shares comman stock to acquire a building site at a time when the stock was selling for $69 per share. During 2017, Pecler established an emplayed benefit plan and acquired S80 shares of common stock at $62 per share as treasury stack for that purpose. Later in 2017, it respid 110 shares of the stock at $67 per share. On December 31, 2017, Peeler determined its net income for the year to be $44,000. The firm declared the annual cash dividend to preferred stockholders and a cash dividend af $4 per share to the common stockholders. The dividends will be paid in 2018. Required: negative numbers use e minus sign. 1. Develop the Stockholders' Equity category of Peeler's balance sheet as of December 31, 2017. For those boxes in which you must enter subtracted Peeler Company Partial Balance Sheet December 31, 2017 Stockholders' equity Preferred stock Common stock Additional paid-in capital-preferred stock Additional pald-in capital-common stock Additional paid-in capital-treasury stock Total contributed capital Retained earnings Treasury stock Total stockholders' equity Feedback 2. Indicate on the statement the number of shares authorized, issued, and outstanding for bath preferred and common stock Preferred Stock Common Stock Number of shares authorized Number of shares issued Number of shares outstanding
