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PROBLEM 17: PATRIMONY AND DIVIDENDS (Owners' equity and dividends Objective: Analyze a state of patrimony of the owners. The company El Eiaciade presents the following

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PROBLEM 17: PATRIMONY AND DIVIDENDS ("Owners' equity and dividends" Objective: Analyze a state of patrimony of the owners. The company El Eiaciade presents the following information as part of the Owners' Equity section of the State of Situation (stockholders equity") for December 31, 2011. A dividend of 150,000 was declared Preferred stock (15,000 authorized, $ 50 par value at 6%) $ 100,000 Common Stock (50,000 authorized, $10 par value) 150,000 Capital in excess preferred shares (Paid in capital in excess of par "25,000 Capital in excess of common shares (Paid in capital in excess of par 90,000 Retained earnings ("retained earnings") 30,000 Shares in common portfolio (treasury stock" (at cost, acquired at $ 17) 17,000 Required: 1, Contributed Capital ("contributed capital") $ 2. Preferred shares outstanding ("preferred outstanding stocks ") 3. Common shares outstanding ("common outstanding stocks") 4. Common shares issued ("common stock issued) 5. Number of shares in portfolio (number of treasury stocks" 6. Sale price of the common shares (sales price of common stocks ") 7. Price of sale of preferred shares (sales Price of preferred stocks ") 8. If preferred shares are not cumulative, determine the dividend per share ("stock dividend") that corresponds to thenm 9. Considering the arguments of question 8, how much Dividend per share corresponds to common shares 10. If the preferred shares were cumulative and the year previous dividend was not declared, how much dividend corresponds to the preferred shares and common shares

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