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Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,000,000; and Retained
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,000,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $13 per share. Noric reported the following results for the month ended October 31: Net income $2,300,000 Cash dividends declared 455,000 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 Additional Paid-In Common Retained Earnings Stock Capital Total Balances, October 1 Issued Common Stock llll Net Income Dividends Balances, October 31 Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $75,000; third year, $90,000; fourth year, $100,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". 1st Year 3rd Year 4th Year 2nd Year $ Preferred stock (dividends per share) $ 32,000 X Common stock (dividends per share)
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