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3 years ago

A. Net income was $471,000.

Business

1 answer:

Mariana [72]3 years ago

4 0

Answer:

-$189,000

Explanation:

Calculation to determine the cash flows from financing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Issued common stock for cash $74,000

Less Paid cash dividend ($11,000)

Less Paid cash to settle a note payable ($130,000)

Less Paid cash to acquire its treasury stock ($122,000)

Cash flows from financing activities -$189,000

Therefore the Cash flows from financing activities is -$189,000

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3 years ago

Question:

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Answer:

Part 1:

$Book\ value\ per\ share\ of\ the\ preferred=\$25$

$Book\ value\ per\ share\ of\ the\ common\ stock=\$17.6428$

Part 2:

$Book\ value\ per\ share\ of\ the\ preferred=\$28$

$Book\ value\ per\ share\ of\ the\ common\ stock=\$16.7857$

Explanation:

Part 1: (the book value per share of the preferred and common stock under No preferred dividends are in arrears)

Book value per share of the preferred :

$Book\ value\ per\ share\ of\ the\ preferred=\frac{(Preferred\ Stock+Cumulative\ dividends)}{Number\ of\ shares\ of\ preferred\ stock}$

In our case Cumulative dividends=0

$Book\ value\ per\ share\ of\ the\ preferred=\frac{\$250000+0}{10000} \\Book\ value\ per\ share\ of\ the\ preferred=\$25$

Book value per share of the common stock: $Book\ value\ per\ share\ ofthecommonstock=\frac{Stockholder\ equity-Preferred\ Stock-Cumulative\ dividends}{Number\ of\ shares\ of\ preferred\ stock}$ In our case Cumulative dividends=0

$Book\ value\ per\ share\ of\ the\ common\ stock=\frac{\$867500-\$250000-\$0}{35000} \\Book\ value\ per\ share\ of\ the\ common\ stock=\$17.6428$

Part 2:

Annual Preferred Dividend=4%*$25*10,000=$10,000

Three years of preferred dividends are in arrears= 3*Annual Preferred Dividend

Three years of preferred dividends are in arrears= 3*$10000=$30,000

Formula for the book value per share of the preferred is same as above,so we will direct calculate:

In our case Cumulative dividends=$30,000

Book value per share of the preferred :

$Book\ value\ per\ share\ of\ the\ preferred=\frac{\$250000+\$30000}{10000} \\Book\ value\ per\ share\ of\ the\ preferred=\$28$

Book value per share of the common stock:

Formula for the book value per share of the common stock is same as above,so we will direct calculate:

$Book\ value\ per\ share\ of\ the\ common\ stock=\frac{\$867500-\$250000-\$30000}{35000} \\Book\ value\ per\ share\ of\ the\ common\ stock=\$16.7857$

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