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28 Sep 2019
Match each of the following stockholders' equity concepts to themost appropriate term (a - h)
. a. authorized shares
b. issued shares
c. outstanding shares
d. par value
e. common stock
f. preferred stock
g. Paid-In Capital in Excess ofPar
1. The account used to record thedifference when issue price exceeds par value of stock
2. The dollar amount assigned toeach share of stock
3. The number of shares currentlyheld by stockholders
4. A class of stock having firstrights to dividends of a corporation
5. The maximum number of shares acompany can issue to shareholders
6. The number of shares sold tostockholders
7. A class of stock that providesno preference rights to shareholders
Match each of the following stockholders' equity concepts to themost appropriate term (a - h)
. a. authorized shares
b. issued shares
c. outstanding shares
d. par value
e. common stock
f. preferred stock
g. Paid-In Capital in Excess ofPar
1. The account used to record thedifference when issue price exceeds par value of stock
2. The dollar amount assigned toeach share of stock
3. The number of shares currentlyheld by stockholders
4. A class of stock having firstrights to dividends of a corporation
5. The maximum number of shares acompany can issue to shareholders
6. The number of shares sold tostockholders
7. A class of stock that providesno preference rights to shareholders
Casey DurganLv2
28 Sep 2019
Related questions
| Helifex , Inc. began operations in 2010 and has the following Capital Stock: | |||||
| Helifex , Inc. Capital Stock: | |||||
| Preferred Stock: | # Shares | Stated Dividend Rate | Par value | ||
| Authorized shares of cumulative, non-participatory preferred stock | 80,000 | 6% | $10 | ||
| Issued shares of prefered stock | 60,000 | ||||
| Outstanding shares of preferred stock | 30,000 | ||||
| Common Stock: | # Shares | ||||
| Authorized shares of $1 par value common stock | 50,000 | ||||
| Issued shares of common stock | 40,000 | ||||
| Outstanding shares of common stock | 10,000 | ||||
| Required: | |||||
| a) | Compute the amount of Preferred Stock dividends. | ||||
| b) | On January 1, 2017, the Board of Directors declared dividends of | $ 35,000 | |||
| Prepare the journal entry for the declaration of the dividends. | |||||
| c) | On March 31, 2017, the dividends are disbursed to stockholders of record. Determine the allocation of dividends to Preferred and Common Stockholders. | ||||
| d) | The Board of directors did not declare dividends during 2018. Determine the allocation of dividends to Preferred and Common Stockholders. | ||||
| Total dividends for Preferred Stockholders | |||||
| Total dividends for Common Stockholders | |||||
| e) | On June 8, 2019 the Board of Directors declared dividends of | $110,000 | |||
| Determine the allocation of dividends to Preferred and Common Stockholders. | |||||
| f) | The following year, on November 30, 2020, the board declared dividends of | $100,000 | |||
| Determine the allocation of dividends to Preferred and Common stockholders. | |||||
| g) | Explain the advantages and disadvantages of investing in preferred stock. | ||||
