21 Xtreme Sports has S 100,000 , 8% cumulative preferred stock outstanding, Xtre

Question

21 Xtreme Sports has S 100,000 , 8% cumulative preferred stock outstanding, Xtreme Sports has $500,000 par common stock outstanding. In the company's first year of operation, no dividends were During the second year, Xtreme Sports paid cash dividends of so,000. This dividend be distributed as follows: a. b. e. d. $8,000 preferred; $22,000 common $16,000 preferred; $14,000 common S0 preferred; $30,000 common $15,000 preferred; $15,000 common 22. Which of the following will happen to a stockholder's percentage ownership in the stock of a corporation when the corporation declares a stock dividend? a. The stockholders' percentage ownership decreases. b. The stockholders c. The stockholders" percentage ownership can increase or decrease based on the stock's market valu percentage ownership increases. d. The stockholders" percentage ownership stays the same 23. Apria Corporation has 7,500 shares of common stock distributes a 20% stock dividend, how many shares outstanding. A stockholder has 250 shares. If Apria stockholder have after the divide i will that a. 50 b. 1,125 c. 250 d. 300 . What is the total stockholders' equity based on the following account balances? Common Stock Paid-In Capital in Excess of Par-common stk Retained Earnings $400,000 40,000 190,000 20,000 Treasury Stock S610,000 $630,000 c. $650,000 d. $460,000

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Amount Q21 B 16,000 preferred , 14,000 Common Cash dividend                 30,000.00 Prefernce dividend -CY - 100,000*8%                 (8,000.00) Prefernce dividend -PY - 100,000*8%                 (8,000.00) Remaining dividend for equity sh/H                 14,000.00 q22 D The stockholder percentage ownership remains the same Q23 d 300 Existing shares                       250.00 Stock Dividend = 250 *20%                         50.00 Shares after stock dividend                       300.00 q24 a $610,000 stockholder Equity = 400,000 + 40000 + 190000 - 20000               610,000.00

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