Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem Find missing amounts, net income, issue price & dividends; interpret stock dividend & split Bacon, Inc., has the following owners' equity section in its May 31, 2009, comparative balance sheets:

 

31-May-09

30-Apr-09

Paid-In capital:

 

 

Preferred stock, $120 par value, 8%, cumulative, 100,000 shares authorized 80,000 shares issued and outstanding.................

 

 

 

$9,600,000

$9,600,000

Common stock, $6 par value, 600,000 shares authorized, 400,000 and 380,000 shares issued, respectively...................................

 

 

 

 

 

?

2,280,000

 

Additional paid-in capital..............................................................

16,800,000

16,480,000

Retained earnings ........................................................................................

13,900,000

13,624,000

Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively ...................................................................................................

 

 

-1,660,000

-1,632,000

 

Total stockholders' equity ...........................................................................

mce_markernbsp;         ?  

$40,352,000

Suppose that on June 1st the board of directors declared a cash dividend of .21 dollar per share on the outstanding shares of common. The dividend will be payable on July 15 to stockholders of record on June 15.

Compute the total amount of the dividend.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919710

Have any Question? 


Related Questions in Basic Finance

1 for each of the following patterns of databull what is

1. For each of the following patterns of data, • What is the probability of the researcher having made a Type 1 error? • What is the probability of the researcher having made a Type 2 error? • Should the null hypothesis ...

Constructive dividendsbullexplain the concept of

Constructive Dividends • Explain the concept of constructive dividends. Give examples. • Construct three original examples of situations in which the IRS might claim constructive dividends. • Suggest ways to ensure that ...

Go to financeyahoocom and find the dividend per share for

Go to finance.yahoo.com and find the dividend per share for each of the following firms: a. Microsoft b. Apple c. Coca-Cola To find the dividend per share for Microsoft and Coca-Cola, click on the Dow and then Components ...

1 what changes to disaster recovery programs were being

1. What changes to disaster recovery programs were being proposed in 2009? 2. Investigate how civil defense and emergency management evolved in your state or city. Look at such factors as when it was created, its origina ...

You have a 1100 balance on your 15 credit card you have

You have a $1,100 balance on your 15% credit card. You have lost your job and been unemployed for 6 months. You have been unable to make any payments on your balance. However, you received a tax refund and want to pay of ...

Directions update the data with your recommendations for

Directions: Update the data with your recommendations for the blue cells, then use Solver to determine the minimum variance portfolio Choose the index for each asset class, type the name below and paste in the relevant r ...

What is the limitation of using point estimates of exchange

What is the limitation of using point estimates of exchange rates within the capital budgeting analysis? Explain how simulation can be used in multinational capital budgeting ? Compare and contrast international investme ...

1 what is a leveraged buyout what is mezzanine financing2

1. What is a leveraged buyout? What is mezzanine financing? 2. What is a tax-free merger? 3. Explain the difference between the economic and financial definitions of business failure. 4. Explain the differences among the ...

An exhaust stream leaving a semiconductor fabrication plant

An exhaust stream leaving a semiconductor fabrication plant contains 4 mol % volatile organic chemical, VOC, pollutant. Twenty-five cubic meters per minute enter the bottom of a packed absorption tower and flows counterc ...

1 discuss the differences in the loan application for a

1. Discuss the differences in the loan application for a commercial loan and a home loan. 2. Describe the risks involved in commercial real estate investment and financing. 3. What type of work is covered in a land devel ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro