Vogue Skincare has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends...

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Vogue Skincare has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2010 of $4,000 2011 of $10,000; and 2012 of $20,000. 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative 2. For case 1a, journalize the declaration of the 2012 dividend on December 22, 2012, and payment on January 14, 2013.

Answered Same DayDec 24, 2021

Answer To: Vogue Skincare has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of...

David answered on Dec 24 2021

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Calculation of Dividend, If the Preferred stock is Non - Cumulative
    Calculation of Dividend, If the Preferred stock is Non - Cumulative
























    Total Dividend on Pref Stock = 5,000*20*0.05


























    Year
    Total Div Declared
    Pref Div
    Equity Dividend










    2010
    $                4,000.00
    $          4,000.00
    $                     -










    2011
    $              10,000.00
    $          5,000.00
    $           5,000.00










    2012
    $              20,000.00
    $          5,000.00
    $         ...

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Vogue Skincare has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends...

Answer To: Vogue Skincare has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of...

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