Extra Credit Assignment 5_ Attempt review.pdf - Extra...

This preview shows page 1 - 2 out of 5 pages.

10/11/2020Extra Credit Assignment 5: Attempt review1/5Dashboard/My Courses/ ACCT701-AP1-STACKED-37838-FALL2020/ Module 6/ Extra Credit Assignment 5Question Correct1Mark 1.00 out of1.00Question CorrectAll remaining shares are common stock. The company was not able to pay dividends in 2017, but plans topay dividends of $100,000 in 2018. Assuming the preferred stock is cumulative, how much of the $100,000dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018?(Cumulative means you need to pay the previous year's dividend (2017 for preferred stock) if it was notpaid. )Preferred dividend=number of shares * percentage * par value2Mark 1.00 out of1.00Started onTuesday, October 6, 2020, 9:22 PMStateFinishedCompleted onTuesday, October 6, 2020, 9:42 PMTime taken20 mins 38 secsMarks10.00/10.00Grade5.00out of 5.00 (100%)Outstanding common stock specifically refers to:Select one or more:a. Stock issued plus treasury stock.b. Stock that is performing well.
c. Stock that has been authorized for issuance.d. Stock in the hands of stockholders. Your answer is correct.The correct answer is: Stock in the hands of stockholders.California Adventures issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of 2017.All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans topay dividends of $100,000 in 2018. Assuming the preferred stock is cumulative, how much of the $100,000dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018?(Cumulative means you need to pay the previous year's dividend (2017 for preferred stock) if it was notpaid. )Preferred dividend=number of shares * percentage * par value

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture