Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.

Are you having trouble answering the question “Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.

a. $6,000; $10,000
b. $0; $9,500
c. $4,750; $4,750
d. $0; $10,000
e. $6,000; $3,500

Answer: e. $6,000; $3,500
– 1,000 shares x $100 par value / 6% = $6,000 ;
– $9,500 dividend declared – $6,000 paid to preferred stockholders = $3,500

We hope you have got the correct answer to your question “Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

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Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.

Are you having trouble answering the question “Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.

a. $6,000; $10,000
b. $0; $9,500
c. $4,750; $4,750
d. $0; $10,000
e. $6,000; $3,500

Answer: e. $6,000; $3,500
– 1,000 shares x $100 par value / 6% = $6,000 ;
– $9,500 dividend declared – $6,000 paid to preferred stockholders = $3,500

We hope you have got the correct answer to your question “Ardent Inc had 1,000 shares of $100 par, 6% preferred stock outstanding, as well as 100,000 shares of $.01 par common stock On March 31, 1996, their year-end, the board of directors declared a dividend of $9,500. In the past, they have tried to maintain minimum dividend of $.1 per share on common stock. For the March 31 dividend, referred stockholders would receive a total of ________ and common stockholders a total of ________.”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

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Your email address will not be published. Required fields are marked *