Ask Question
BusinessBusiness
1 May, 19:07

Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and20,000 shares of $1 par value common stock outstanding at December 31, 2010. Therewere no dividends declared in 2009. The board of directors declares and pays a $45,000dividend in 2010. What is the amount of dividends received by the common stockholdersin 2010? a. $0b. $25,000c. $45,000d. $20,000

+5
Answers (1)
  1. 1 May, 19:23
    0
    The amount of dividend is $20,000.

    Explanation:

    Calculate the dividend on common stock using the equation as follows:

    Dividend = Dividend Declared - (Number of Preferred shares * parvalue) * 5%

    =$45,000 - (5,000*$100*5%)

    =$45,000-$25,000

    =$20,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and20,000 shares of $1 par value common stock ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
One reason Congress expanded the exclusion of gain on the sale of a principal residence and eliminated the deferral provision was to eliminate the need for many taxpayers to keep records of capital improvements that increase the basis of their
Answers (1)
Dufner Co. issued 15-year bonds one year ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a par value of $1,000?
Answers (1)
What does the Paradox of Value explain
Answers (1)
Which of the following cash budget equations is incorrect? Multiple Choice Period one ending cash balance = period two beginning cash balance Beginning cash + cash receipts = total cash available Cash payments + cash cushion =
Answers (1)
Fiscal policy refers to the Multiple Choice a. altering of the interest rate to change aggregate demand. b. deliberate changes in government spending and taxes to achieve greater equality in the distribution of income. c.
Answers (1)
New Questions in Business
One of the advantages of personal selling over other types of marketing communications is: a. salespeople can customize their message for a specific buyer. b. it almost always costs less than other marketing communication alternatives. c.
Answers (1)
The difference between the maximum price a consumer is willing to pay for a product and the actual price the consumer pays is called
Answers (1)
Find the duration of a 7.6% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.0%. What is the duration if the yield to maturity is 12.0%? Note: The face value of the bond is $100
Answers (1)
Vaughn Corporation acquires a coal mine at a cost of $460,000. Intangible development costs total $115,000.
Answers (1)
Sara wants to start her own business. She is not sure if she wants to be a sole proprietor or get a partner. She asks a financial adviser about the different ways in which she might finance her company.
Answers (1)
Home » Business » Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and20,000 shares of $1 par value common stock outstanding at December 31, 2010. Therewere no dividends declared in 2009.
Sign Up Forgot Password?