Dividends to Common SHE

# Dividends to Common - the amount of dividends received by the common stockholders in 2010 \$100,00 \$150,00 \$0 \$250,00 = 25,000 Preferred Shares \$100

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Looper, Inc. has 25,000 shares of 6%, \$100 par value, noncumulative preferred stock and 50,000  shares of \$1 par value common stock outstanding at December 31, 2010. There were no dividends  declared in 2009. The board of directors declares and pays a \$250,000 dividend in 2010. What is
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Unformatted text preview: the amount of dividends received by the common stockholders in 2010? \$100,00 \$150,00 \$0 \$250,00 = 25,000 Preferred Shares * \$100 Par Value = \$2,500,000 * 6% = \$150,000 \$250,000 (Total Dividends) - \$150,000 (Preferred Dividends) = \$100,000 (Common Dividends)...
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## This note was uploaded on 03/01/2012 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.

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