The outstanding capital stock of Teal Corporation consists of2000 shares of $100 par value,...

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Accounting

The outstanding capital stock of Teal Corporation consists of2000 shares of $100 par value, 9% preferred, and 5400 shares of $50par value common.

Assuming that the company has retained earnings of $89000, all ofwhich is to be paid out in dividends, and that preferred dividendswere not paid during the 2 years preceding the current year, statehow much each class of stock should receive under each of thefollowing conditions.

(a) The preferred stock is noncumulative andnonparticipating. (Round answers to 0 decimal places,e.g. $38,487.)
Preferred
Common
$enter a dollar amount rounded to 0decimal places $enter a dollar amount rounded to 0decimal places

(b) The preferred stock is cumulative andnonparticipating. (Round answers to 0 decimal places,e.g. $38,487.)
Preferred
Common
$enter a dollar amount rounded to 0decimal places $enter a dollar amount rounded to 0decimal places

(c) The preferred stock is cumulative andparticipating. (Round the rate of participation to 4decimal places, e.g.1.4278%. Round answers to 0 decimal places,e.g. $38,487.)
Preferred
Common
$enter a dollar amount rounded to 0decimal places $enter a dollar amount rounded to 0decimal places

Preferred		Common
$enter a dollar amount rounded to 0decimal places		$enter a dollar amount rounded to 0decimal places

Preferred		Common
$enter a dollar amount rounded to 0decimal places		$enter a dollar amount rounded to 0decimal places

Preferred		Common
$enter a dollar amount rounded to 0decimal places		$enter a dollar amount rounded to 0decimal places

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In: AccountingThe outstanding capital stock of Teal Corporation consists of2000 shares of $100 par value, 9%...The outstanding capital stock of Teal Corporation consists of2000 shares of $100 par value, 9% preferred, and 5400 shares of $50par value common.Assuming that the company has retained earnings of $89000, all ofwhich is to be paid out in dividends, and that preferred dividendswere not paid during the 2 years preceding the current year, statehow much each class of stock should receive under each of thefollowing conditions.(a) The preferred stock is noncumulative andnonparticipating. (Round answers to 0 decimal places,e.g. $38,487.)PreferredCommon$enter a dollar amount rounded to 0decimal places$enter a dollar amount rounded to 0decimal places(b) The preferred stock is cumulative andnonparticipating. (Round answers to 0 decimal places,e.g. $38,487.)PreferredCommon$enter a dollar amount rounded to 0decimal places$enter a dollar amount rounded to 0decimal places(c) The preferred stock is cumulative andparticipating. (Round the rate of participation to 4decimal places, e.g.1.4278%. Round answers to 0 decimal places,e.g. $38,487.)PreferredCommon$enter a dollar amount rounded to 0decimal places$enter a dollar amount rounded to 0decimal places