Analyzing stockholders’ equity

| September 29, 2018

A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as follows:Stockholders’ equity:Preferred stock, 9% cumulative, $50 par, 40,000 sharesAuthorized, issued, and outstanding……………………………………… $2,000,000Preferred stock, 12% noncumulative, $100 par, 8,000Shares authorized, used, and outstanding……………………..…………… $800,000Common Stock, $5 par, 400,000 shares authorized, issuedAnd outstand………………………………………………………………… $2,000,000Total paid-in capital……………………………………………………… $4,800,000Assume that all the stock was issues on January 1 and that no dividends were paid during the first two years of operations. During the third year, Walland Corporation paid total cash dividends of $736,000.A. compute the amount of cash dividends paid during the third year to each of the three classes of stock.B. compute the dividends paid per sharing during the third year for each of the three classes of stock.C. what was the average issue price of each type of preferred stock?

Get a 30 % discount on an order above $ 100
Use the following coupon code:
RESEARCH
Order your essay today and save 30% with the discount code: RESEARCHOrder Now
Positive SSL