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Problem 20.01A- WILSON CORPORATION and Problem 21.02A- BRUIN CORPORATION

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Question;Problem 20.01AWILSON CORPORATIONYearTotalDividendsCase AAll dividends to PreferredAll dividends to Preferred10% to Preferred - Balance to CommonCase BAll dividends to Preferred$1000 Arrearage to Preferred - balance to Preferred$1000 Arrearage to Preferred - 10% preference toPreferred - balance to CommonComputation of 2015 dividend:Arrearage from 2013 & 20142015 Preferred dividendTotalsAnalyze: How much in total dividends should be paid to the stockholder for the fiscal year, 2015?Preferred StockPerTotalShareCommon StockPerTotalShareGiven Data P20.01AWILSON CORPORATIONStock and Dividend InformationCommon:SharesPar-valuePreferredSharesPar-valueDividend rate2013 Dividend2014 Dividend2015 Dividend40,000$102,000$6020.00%$4,000$6,000$110,000Student Name:Class:Problem 20.02AHATTEN CORPORATIONPart I1. All $13,500 to preferred for dividends in arrears2011 Dividend2012 Dividend2013 DividendTotal dividends to preferred stockholders2. Dividend on each share of preferred stock3. Dividend available to common stockholders4. Dividend on each share of common stock5. Total dividends due for 2011, 2012, and 2013Less amount paid in 2013Arrearage to be carried forward to future years.Part II1. 2011 Dividend2012 Dividend2013 DividendTotal dividends to preferred stockholdersDividend on each share of preferred stock2. Total dividends paidDividend available to common stockholders3. Dividend on each share of common stock4. Total dividends due for 2011, 2012, and 2013Less amount paid in 2013Arrearage to be carried forward to future years.Analyze: Amount due preferred stockholders at $50,000Given Data P20.02AHATTEN CORPORATIONBalance SheetEquity SectionDecember 31, 2013Stockholders' EquityPreferred Stock (9% cumulative, $50 par value,2,000 shares authorized) At Par Value(1,500 shares issued)Common Stock (no-par value, with stated valueof $25, 20,000 shares authorized)At Stated Value (14,000 shares issued)75,000350,000Part I - Additional InformationYears for which dividends have not been paid:Dividend declared after completion of year 201320112012$24,000Part II - Additional InformationDividend declared after completion of year 2013$90,000

 

Paper#43105 | Written in 18-Jul-2015

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