Download Answer No. Description - accountingreviewmaterials

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Document related concepts

Stock valuation wikipedia, lookup

Business valuation wikipedia, lookup

Mark-to-market accounting wikipedia, lookup

Stock selection criterion wikipedia, lookup

Transcript
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
will the common stockholders receive?
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
the preferred stockholders receive?
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.