165. A company’s outstanding stock consists of (a) 67,000 shares of cumulative 5% preferred stock with a $20 par value and (b) 95,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
2013
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$ 0
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2014
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50,000
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2015
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180,000
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2016
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205,000
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What is the amount of dividends that the common stockholders receive for all years presented?
166. A company sold stock for $733,000. The shares had a par value of $6.26 each. After the transaction, the paid-in capital in excess of par common stock account had a balance of $420,000. How many shares did the company sell?
167. On August 31, 2013, Gilliam Corporation's common stock is priced at $50 per share before any stock dividend, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 35% stock dividend.
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Common stock—$7 par value, 95,000 shares authorized, 44,000 shares issued and outstanding
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$ 308,000
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Paid-in capital in excess of par value, common stock
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100,000
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Retained earnings
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375,000
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Total stockholders' equity
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$783,000
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What is the total amount in the Retained Earnings account immediately after the stock dividend?
168. On August 31, 2013, Gilliam Corporation's common stock is priced at $50 per share before any stock dividend, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 10% stock dividend.
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Common stock—$7 par value, 95,000 shares authorized, 44,000 shares issued and outstanding
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$ 308,000
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Paid-in capital in excess of par value, common stock
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100,000
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|
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Retained earnings
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375,000
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Total stockholders' equity
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$783,000
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What is the total amount in the Retained Earning account immediately after the stock dividend?