Acc – problem 20.01a- wilson corporation and problem 21.02a- bruin

Problem 20.01A
WILSON CORPORATION
Year

Total
Dividends

Don't use plagiarized sources. Get Your Custom Essay on
Acc – problem 20.01a- wilson corporation and problem 21.02a- bruin
From as low as $5/Page
Order Essay

Case A
All dividends to Preferred
All dividends to Preferred
10% to Preferred – Balance to Common
Case B
All dividends to Preferred
$1000 Arrearage to Preferred – balance to Preferred
$1000 Arrearage to Preferred – 10% preference to
Preferred – balance to Common
Computation of 2015 dividend:
Arrearage from 2013 & 2014
2015 Preferred dividend
Totals

Analyze: How much in total dividends should be paid to the stockholder for the fiscal year, 2015?

Preferred Stock
Per
Total
Share

Common Stock
Per
Total
Share

Given Data P20.01A
WILSON CORPORATION
Stock and Dividend Information
Common:
Shares
Par-value
Preferred
Shares
Par-value
Dividend rate
2013 Dividend
2014 Dividend
2015 Dividend

40,000
$10
2,000
$60
20.00%
$4,000
$6,000
$110,000

Student Name:
Class:
Problem 20.02A
HATTEN CORPORATION
Part I
1. All $13,500 to preferred for dividends in arrears
2011 Dividend
2012 Dividend
2013 Dividend
Total dividends to preferred stockholders
2. Dividend on each share of preferred stock
3. Dividend available to common stockholders
4. Dividend on each share of common stock
5. Total dividends due for 2011, 2012, and 2013
Less amount paid in 2013
Arrearage to be carried forward to future years.
Part II
1. 2011 Dividend
2012 Dividend
2013 Dividend
Total dividends to preferred stockholders
Dividend on each share of preferred stock
2. Total dividends paid
Dividend available to common stockholders
3. Dividend on each share of common stock
4. Total dividends due for 2011, 2012, and 2013
Less amount paid in 2013
Arrearage to be carried forward to future years.
Analyze: Amount due preferred stockholders at $50,000

Given Data P20.02A
HATTEN CORPORATION
Balance Sheet
Equity Section
December 31, 2013
Stockholders’ Equity
Preferred Stock (9% cumulative, $50 par value,
2,000 shares authorized) At Par Value
(1,500 shares issued)
Common Stock (no-par value, with stated value
of $25, 20,000 shares authorized)
At Stated Value (14,000 shares issued)

75,000

350,000

Part I – Additional Information
Years for which dividends have not been paid:
Dividend declared after completion of year 2013

2011
2012
$24,000

Part II – Additional Information
Dividend declared after completion of year 2013

$90,000

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Confirm Eligibility