X u Calibri (Body) B IU x 11 A Q to Wrap Tour Merga & com Paste A 28 x Unit 14 Exercise B Zef Corporation has 2,000 shares outstanding of cumulative preferred stock and 6,000 shares of common stock. The preferred stock is entitled to an annual dividend of $ 18 per share before dividends are declared on common stock. No preferred dividends were paid for last year and the current year. What are the total dividends received by each class of stock it Zeff Corporation distributes $ 108,000 in dividends? Exercise A The 2009 December 31, trial balance of Yamey Corporation had the following account balances Common stock (no-par value, 200,000 shares authorized, issued, and outstanding stated value of 20 per share) Notes payable (12% due 2010 May 1) Retained earnings, unappropriated Dividends payable in cash (declared December 15, on preferred stock) Appropriation per loan agreement Preferred stock 6%, par value $200; 2,000 shares authorized, issued and outstanding Paid in capital in excess of stated value-Common Paid in Capital in Excess of Par Value-Preferred $4,000,000 500,000 2,500,000 12,000 480,000 400,000 300,000 40,000 Present in proper form the stockholders' equity section of the balance sheet Sheet1 Data Review View Develope Calibri (Body) A = BIU Wrap Merge K28 | xv fx LOOD 7. Exercise K 8 The following information relates to Perry Corporation for the year ended 2009 December 31 0 Common stock outstanding 75,000 shares 1 Income from continuing operations $1,523,200 2 Loss on discontinued operations (net of tax) 240,000 3 Extraordinary gain (net of tax) 144,000 Calculate EPS for the year ended 2009 December 31. Present the information in the same format used in the corporation's Sincome statement. Nc Home Insert Draw Page Layout Formulas Data Review View Developer Calibri (Body) 11 A A E Wrap To Margo & BIU K28 4 x fx 78 Problem B 79 The only stockholders' equity items of lody Companyat 2009 June 30, we 31 Stockholders' equity: 82 Paid in capital 83 Common stock-$200 paralu, 10,000 shares authorised, 6.000 shares issued and outstanding $1,200,000 34 Paldin capital in excess of par value 480,000 85 Total paldin capital $1,680,000 86 Retained earnings 480,000 37. Total stockholders' equity 52,160,000 On 2009 August 4, a 4 cent cash dividend was declared, payable on September. On November 16, a 10 per cent stock dividend was declared. The shares were issued on December 1. The market value of the common stock was $360 per share on November 16 2. Prepare journal entries for these dividend transactions. GENERAL JOURNAL POST REF. Date Account Description Debit Credit Sheet +
