 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Need help figuring out accounting homework
I need to figure our the amount of the dividend I have already added 3000 200 1000 100=4300x.75= 3225 but when I input the answer it says it is wrong. What am I doing wrong? I don't want the answer just how to figure it out.
Par value of preferred stock $1.00 Outstanding preferred shares at 1/1/2012 200 Par value of common stock $0.01 Outstanding common shares at 1/1/2012 3,000 Interest payable June 30 and December 31 2012 Transactions: March 1 Issued common stock: Shares issued 1,000 Price per share $32.00 May 15 Repurchase treasure stock: Number of shares 600 Price per share $25.00 July 10 Reissue treasure stock purchased May 15: Number of shares 100 Price per share $30.00 October 15 Issued preferred stock: Shares issued 100 Price per share $35.00 December 1 Declared cash dividend: Preferred dividend per share $0.75 Common dividend per share $0.75 December 31 Paid cash dividend declared 12/1 Additional Information: Stockholders' Equity on January 1, 2012: Preferred stock $200 Common stock $30 Additional paid-in capital $66,000 Retained earnings $25,500 Net income for year ending December 31, 2012 $9,800 |
||||
Check out some similar questions!
Dan Engles manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch. 3,200 ounces of grape concentrate at $0.06 per ounce 55 pounds of granulated sugar at $0.38 per pound 62 lemons at $0.63 each...
1.)On December 31, 2011, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $600,000, a due date of December 31, 2014, and a stated rate of 5%, with interest receivable at the end of each year. The fair market value of the services is not...
1. Enter the account data in the Trial Balance columns of a worksheet, and complete the worksheet through the Adjusted Trial Balance. Key each adjusting entry by the letter corresponding to the data given. Leave a blank line under Service revenue.
I am brand new to accounting. I am very excited, as I really want to do this. The only thing is, my instructor has a very thick accent, and is hard to understand. I'm not looking for the answer, just how to get to it. I'm feeling kind of lost. Here's my problem: These data, exclusive of amount...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
