Question Details

Indicate the balances in the stockholders’ equity 




1
Farber Company has 24,000 shares of $1 par common stock issued and outstanding. The company also has 2,000 shares of $100 par 4% cumulative preferred stock outstanding. The company did not pay the preferred dividends in 2013 or 2014. What amount of dividends must the company pay the preferred shareholders in 2015 if they wish to pay the common stockholders a dividend?

2
On November 1, 2012, Nixon Corporation- stockholders’ equity section is as follows:
Common stock, $10 par value	$600,000
Paid-in capital in excess of par	180,000
Retained earnings	  200,000
Total stockholders’ equity	$980,000
On November 1, Nixon declares and distributes an 18% stock dividend when the market value of the stock is $14 per share.
Instructions
Indicate the balances in the stockholders’ equity accounts after the stock dividend has been distributed.




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