question archive HE Data table Stockholders' Equity Paid-In Capital: Preferred Stock-8%, $ 8 Par Value; 150,000 shares authorized, 21,000 shares issued and outstanding Common Stock-$2 Par Value; 575,000 shares authorized, 310,000 shares issued and outstanding $ 168,000 620,000 620,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 1,408,000 Retained Earnings 170,000 Total Stockholders' Equity $ 1,578,000 Print Done Horizon Communications has the following stockholders' equity on December 31, 2018 click on the icon to view the stockholders equity) Read the requirements Requirement 1
HE Data table Stockholders' Equity Paid-In Capital: Preferred Stock-8%, $ 8 Par Value; 150,000 shares authorized, 21,000 shares issued and outstanding Common Stock-$2 Par Value; 575,000 shares authorized, 310,000 shares issued and outstanding $ 168,000 620,000 620,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 1,408,000 Retained Earnings 170,000 Total Stockholders' Equity $ 1,578,000 Print Done Horizon Communications has the following stockholders' equity on December 31, 2018 click on the icon to view the stockholders equity) Read the requirements Requirement 1
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HE Data table Stockholders' Equity Paid-In Capital: Preferred Stock-8%, $ 8 Par Value; 150,000 shares authorized, 21,000 shares issued and outstanding Common Stock-$2 Par Value; 575,000 shares authorized, 310,000 shares issued and outstanding $ 168,000 620,000 620,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 1,408,000 Retained Earnings 170,000 Total Stockholders' Equity $ 1,578,000 Print Done Horizon Communications has the following stockholders' equity on December 31, 2018 click on the icon to view the stockholders equity) Read the requirements Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 of total dividends are $11.440 in 2018 and 549,000 in 2019. Assume no changes in proferred stock and common stock in 2019. (Assume all preferred dividends have been pala prior to 2018. Complete all input boxes. Entor a *o* for zero amounts. For the current your preferred dividend, be sure to enter the calculated dividend on the current year dividend" line and the paid out dividend on the total dividend to preferred stockholders" line) Horizon's 2016 dividend would be divided between preferred and common stockholders in this manner Total Dividend-2018 Dividend to preferred stockholdels Dividend in arrears Current year dividend Total dividend to proferred stockholders Dividend to common stockholders to view the stockholders' equity) ming the are $11,4 2018. widendi Requirements X bn stockholde ssume all pre þ enter the ce d would stockhold 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $11,440 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. 2. Record journal entries for 2018, assuming that Horizon Communications declared the dividend on December 1 for stockholders of record on December 10. Horizon Communications paid the dividend on December 20. und eferred cockhold Print Done
