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  3. andwer a and b intermediate chis company a had

andwer A and B Intermediate Chis Company A had the following...

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Accounting

andwer A and B
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Intermediate Chis Company A had the following stock 0 Preferred 6% stock, Par value $50. Authorized 50,000 shares, Issued and outstanding 15,000 shares. Common stock, Par value 510, Authorized 100,000 shares, issued 65000 shares and outstanding 60,000 shares. Part A: Assume that the company pays dividends of: Year Amount 2000 $12,000 2001 95,000 Required: Calculate the amount of dividends paid to each dass a stock assuming the preferred stock is: a) Noncumulative b) Cumulative Part B: Assuming the same classes of stock as identified above, record the following: 1. Company A reacquired 200 shares of the common stock for $30 per share. 2. Company A later reissued 100 of the shares reacquired in 1 for $40 per share. 3. Company A later reissued the other 100 of the shares reacquired in 1 for $25 per share

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