Texas Inc. has 4,724 shares of 8%, $100 par value cumulative preferred stock and 83,877 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. $80.00 per share Ob. $4,724 in total Oc. $37,792 in total Od. $6,710 in total

Texas Inc. has 4,724 shares of 8%, $100 par value cumulative preferred stock and 83,877 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. $80.00 per share Ob. $4,724 in total Oc. $37,792 in total Od. $6,710 in total

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
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