w11_ch13ex - EXERCISES Ex. 131 1st Year 2nd Year 3rd Year...

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Unformatted text preview: EXERCISES Ex. 131 1st Year 2nd Year 3rd Year 4th Year a. Total dividend declared.................. $ 30,000 $ 42,000 $ 90,000 $ 120,000 Preferred dividend (current).......... $ 30,000 $ 27,000 $ 45,000 $ 45,000 Preferred dividend in arrears......... 15,000 18,000 b. Total preferred dividends............... $ 30,000 $ 42,000 $ 63,000 $ 45,000 Preferred shares outstanding........ 15,000 15,000 15,000 15,000 Preferred dividend per share......... $ 2.00 $ 2.80 $ 4.20 $ 3.00 Dividend for common share (a. b.)............................................... $ $ $ 27,000 $ 75,000 Common shares outstanding........ 50,000 50,000 Common dividend per share.......... $ 0.54 $ 1.50 Ex. 132 1st Year 2nd Year 3rd Year 4th Year a. Total dividend declared.................. $ 3,000 $ 4,000 $ 30,000 $ 80,000 Preferred dividend (current).......... $ 3,000 $ 2,000 $ 5,000 $ 5,000 Preferred dividend in arrears......... 2,000 3,000 b. Total preferred dividends............... $ 3,000 $ 4,000 $ 8,000 $ 5,000 Preferred shares outstanding........ 20,000 20,000 20,000 20,000 Preferred dividend per share......... $ 0.15 $ 0.20 $ 0.40 $ 0.25 Dividend for common share (a. b.)............................................... $ $ $ 22,000 $ 75,000 Common shares outstanding........ 25,000 25,000 Common dividend per share.......... $ 0.88 $ 3.00 1 Ex. 133 a. Feb. 10 Cash.............................................................. 1,360,000 Common Stock........................................ 400,000 Paid-In Capital in Excess of Par Common Stock........................................ 960,000 May 9 Cash.............................................................. 700,000 Preferred Stock....................................... 500,000 Paid-In Capital in Excess of Par Preferred Stock....................................... 200,000 b. $2,060,000 ($1,360,000 + $700,000) Ex. 134 a. June 4 Cash.............................................................. 3,000,000 Common Stock........................................ 750,000 Paid-In Capital in Excess of Stated Value............................................. 2,250,000 Oct. 9 Cash.............................................................. 2,000,000 Preferred Stock....................................... 1,875,000 Paid-In Capital in Excess of Par Preferred Stock....................................... 125,000 b. $5,000,000 ($3,000,000 + $2,000,000) Ex. 135 Jan. 30 Land....................................................................... 270,000 Common Stock................................................ 180,000 Paid-In Capital in Excess of Par..................... 90,000 2 Ex. 136 a. Cash................................................................................ 400,000 Common Stock (10,000 $40)................................. 400,000 b. Organizational Expenses.............................................. 30,000 Common Stock (750 $40)......................................Common Stock (750 $40)....
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This note was uploaded on 02/13/2012 for the course ECON 101 taught by Professor Malrani during the Spring '05 term at Bunker Hill.

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w11_ch13ex - EXERCISES Ex. 131 1st Year 2nd Year 3rd Year...

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