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```15 - 22 Test Bank for Intermediate Accounting, Twelfth Edition
98.
What is the payout ratio for Winger Corporation for the year ended 2008?
a. 12.1%
b. 16.0%
c. 36.3%
d. 41.3%
99.
What is the book value per share for Winger Corporation for the year ended 2008?
a. \$19.17
b. \$20.00
c. \$10.43
d. \$24.00
Use the following information for questions 100 through 102.
Tomlin, Inc. has outstanding 300,000 shares of \$2 par common stock and 60,000 shares of nopar 8% preferred stock with a stated value of \$5. The preferred stock is cumulative and
nonparticipating. Dividends have been paid in every year except the past two years and the
current year.
*100. Assuming that \$150,000 will be distributed as a dividend in the current year, how much
a. Zero.
b. \$78,000.
c. \$102,000.
d. \$126,000.
*101. Assuming that \$63,000 will be distributed as a dividend in the current year, how much will
a. \$21,000.
b. \$24,000.
c. \$48,000.
d. \$63,000.
*102. Assuming that \$183,000 will be distributed, and the preferred stock is also participating,
how much will the common stockholders receive?
a. \$111,000.
b. \$90,000.
c. \$93,000.
d. \$48,000.
*103. Wiley, Inc. has 50,000 shares of \$10 par value common stock and 25,000 shares of \$10
par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the
preferred stock are one year in arrears. Assuming that Wiley wishes to distribute \$135,000
as dividends, the common stockholders will receive
a. \$30,000.
b. \$55,000.
c. \$80,000.
d. \$105,000.
```