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Preferred Stock and Common Stock Dividend Allocations

  Рет қаралды 83,751

Kristin Ingram

Kristin Ingram

Күн бұрын

Пікірлер: 178
@DinoLik13
@DinoLik13 9 жыл бұрын
Thank you for making this video. This is a huge part on my upcoming exam and you are the only one that clearly explained this concept.
@allkristiningram
@allkristiningram 9 жыл бұрын
You're welcome Dino! I'm so glad you found my video helpful in your exam preparation. Good luck on your test!
@aab9764
@aab9764 4 жыл бұрын
Very thankful! Just spend 2.5 hours trying to get help from my college, which was impossible. I could have saved myself all that time looking at this first!!!!! And I especially like how calmly and slow you explain this. Awesome! I have read the book over and over and could not understand this.
@allkristiningram
@allkristiningram 4 жыл бұрын
Glad it helped!
@godfreyanyim6501
@godfreyanyim6501 7 жыл бұрын
Kristine, this is a fantastic tutoring video you've put together. I usually don't leave comments on the web, but I couldn't do that this time. I love your vocal rate and speed, and your voice keeps me focusing. Thank you :)
@allkristiningram
@allkristiningram 7 жыл бұрын
You're welcome! Thanks for commenting!
@arthurvalencia2970
@arthurvalencia2970 9 жыл бұрын
So thankful I found your video. You're a Lifesaver !!!!
@allkristiningram
@allkristiningram 9 жыл бұрын
Arthur Valencia I'm so glad you found it helpful. Thanks for your comment!
@veronicahudon9055
@veronicahudon9055 8 жыл бұрын
I'm not an accounting major, but I want to pass my class. This is a great video! Thank you!!
@allkristiningram
@allkristiningram 8 жыл бұрын
You're welcome. Thanks for commenting. You can find more on my website AccountingInFocus.com
@JustinCassaday
@JustinCassaday 8 жыл бұрын
Thanks so much. I have an exam in the morning and didn't get this at all until I watched your example.
@allkristiningram
@allkristiningram 8 жыл бұрын
+JC GimmeDaBeat You're welcome! I hope your exam went well.
@akamaterasu
@akamaterasu 8 жыл бұрын
An extremely helpful video. Very well explained.
@allkristiningram
@allkristiningram 8 жыл бұрын
+akamaterasu Thank you!
@akamaterasu
@akamaterasu 8 жыл бұрын
No problem! I got this question wrong on my midterm but now when I see it again on the later exams, I will get it right.
@rebeccathomson6722
@rebeccathomson6722 8 жыл бұрын
I'm an accounting major and this video made it really clear how the two different stocks work. Thank you
@allkristiningram
@allkristiningram 8 жыл бұрын
You're welcome. I'm glad it helped!
@jsathish1990able
@jsathish1990able 9 жыл бұрын
simple and clean. I appreciate it. thanks Kristin.
@allkristiningram
@allkristiningram 9 жыл бұрын
+barney133 Glad you found the video helpful! Thanks for commenting!
@anabels923
@anabels923 9 жыл бұрын
thank you thank you thank you!!! I'm taking acct class right now and i missed this part of the lecture. I'm so lucky to find this video and now i have confident to accomplish my assignment :)!!
@allkristiningram
@allkristiningram 9 жыл бұрын
qiucen song So glad you found the video helpful.
@sneakerlover1119
@sneakerlover1119 8 жыл бұрын
You're a life saver! Have an exam tomorrow and Monday and this helped a lot. Thanks you!
@allkristiningram
@allkristiningram 8 жыл бұрын
+sneakerlover1119 You're welcome! I'm so glad I could help!
@Adrian-cn5rk
@Adrian-cn5rk 3 жыл бұрын
A HUGE THANK YOU, this made no sense until now
@allkristiningram
@allkristiningram 3 жыл бұрын
Your welcome! So glad it helped.
@nikkibrumfield8667
@nikkibrumfield8667 9 жыл бұрын
Thank you Kristin the light just click ON. I was not understanding the cumulative vs non-cumulative. You have explained it thoroughly. Now I can move on to the next Chapter (just in time for my upcoming exam.. #Lifesaver
@stephaniecruz6115
@stephaniecruz6115 6 жыл бұрын
You are amazing! I was having a rough time getting this and you made it so clear! Thank you!!!
@allkristiningram
@allkristiningram 6 жыл бұрын
You're welcome. Thanks so much for your comment.
@LinhNguyen-fy3di
@LinhNguyen-fy3di 9 жыл бұрын
Thanks for your video . It helps me a lot to solve the homework and improve my knowledge to prepare for the final exam :D
@Nina-me6bu
@Nina-me6bu 5 жыл бұрын
I was lost and you explained it so clearly !! Thank you soooooo much !!!!!!!!!!!!! 😁
@allkristiningram
@allkristiningram 5 жыл бұрын
You're welcome!
@saraabbasi1365
@saraabbasi1365 7 жыл бұрын
Thank you. Great!.......I understand that way you explained much better than my professor. Now I know what she said in class well.
@allkristiningram
@allkristiningram 7 жыл бұрын
+Sara Abbasi awesome! So glad I could help!
@alyssaneudorf5591
@alyssaneudorf5591 6 жыл бұрын
Thank you so much for your videos. I am taking business administration with a major in accounitng diploma through distance education and your videos have been so helpful in understanding. The textbook is not always the most helpful when trying to complete assignments. Thank you so much!
@allkristiningram
@allkristiningram 6 жыл бұрын
Thank you for your very nice comment. I'm so glad I could help.
@tashekaharris5032
@tashekaharris5032 7 жыл бұрын
Thank you! What a relief. It's easier than what I was taught.
@allkristiningram
@allkristiningram 7 жыл бұрын
You're welcome. I'm so glad I could help! Thanks for commenting!
@leerashiduy3512
@leerashiduy3512 8 жыл бұрын
Thanks for the video. .. now i can do my homework with the same problem you were solving with but in different amounts
@allkristiningram
@allkristiningram 8 жыл бұрын
+Lee Rashid Uy I'm glad I was able to help! Good luck finishing your homework. Thanks for commenting.
@nhoss5278
@nhoss5278 7 жыл бұрын
Thank you, very much. It helped!
@allkristiningram
@allkristiningram 7 жыл бұрын
+N hoss You're welcome. So glad I could help! Thanks for commenting.
@steldalope7754
@steldalope7754 7 жыл бұрын
I've watched other videos but this one helped me the most, thank you so much!
@allkristiningram
@allkristiningram 7 жыл бұрын
You're welcome. Thank you for commenting!
@henryli6165
@henryli6165 10 жыл бұрын
Thank you so much! This is exactly what I needed.
@allkristiningram
@allkristiningram 10 жыл бұрын
HaoXuan Li You're welcome. Glad I could help!
@Ryan-xb1ry
@Ryan-xb1ry 5 жыл бұрын
Very clear! thank you so much!
@PuNkRkR13
@PuNkRkR13 9 жыл бұрын
I've shared your page on my FB page. Thanks for all videos!!
@allkristiningram
@allkristiningram 9 жыл бұрын
Raquel Reyes Thank you for sharing my page. I really appreciate it. So glad you found my videos helpful.
@joemunoz1354
@joemunoz1354 8 жыл бұрын
appreciate the description. really helped me
@allkristiningram
@allkristiningram 8 жыл бұрын
+Joe Munoz glad I could help! Thanks for commenting.
@moeky1luv
@moeky1luv 9 жыл бұрын
Explained this soooo well! Thank you! My obly question that I am stuck on is...how do I calculate the problems in the years where I then owe nothing? I hope this makes sense
@allkristiningram
@allkristiningram 9 жыл бұрын
Nakeyshia T.M If you have cumulative preferred stock, you will always make a payment to the preferred shareholders even if it is just for the current year's dividends. If no dividend is paid, that is when you need to keep track of how much is in arrears so you can pay that out the next time a dividend is paid. The calculation for the amount of dividends to the preferrred shareholders is always the same. Number of shares of preferred stock outstanding X Par value of preferred share X % dividend. So if you have 1,000 shares of $100 par value, 8% preferred stock, the preferred dividend would be: 1,000 x $100 x 7%= $7000. I hope that answers your question. If you need further clarification or I didn't understand your question correctly, please let me know.
@moeky1luv
@moeky1luv 9 жыл бұрын
That makes alot of sense and thank you for that clarity! I do have another question as well if for example if the: preferred dividends is 45,000 and the year total dividends is 126,000. Do I then take 45,000 out for preferred dividends and place the rest which is 81,000 into the common dividends box? I hope this makes sense. Thank you again
@allkristiningram
@allkristiningram 9 жыл бұрын
Nakeyshia T.M As long as there are no dividends in arrears (from previous years) owed to the preferred shareholders, then yes, that is correct. Total dividends - preferred dividends = common dividends.
@JAFFER3657
@JAFFER3657 6 жыл бұрын
Brilliant Explanation!
@allkristiningram
@allkristiningram 6 жыл бұрын
Thank you!
@cnoodle5
@cnoodle5 8 жыл бұрын
Thank you for posting this! I am looking forward to your videos. I just started accounting 202, managerial accounting- and my instructor doesn't exactly explain how to do anything.
@allkristiningram
@allkristiningram 8 жыл бұрын
+cnoodle5 You're welcome. You might also want to check out my website, accountinginfocus.com. I cover most of the managerial topics covered in the course. If I can be of any assistance, feel free to reach out to me.
@Jenoami
@Jenoami 10 жыл бұрын
Thank u so look much.. I have a perfect understanding on how to calculate the dividend given out to preferred and common
@allkristiningram
@allkristiningram 10 жыл бұрын
Jay P. You're welcome! I'm glad you found the video helpful.
@supamom0609
@supamom0609 7 жыл бұрын
You are awesome! Thank you! The book I have does not break down the equations.
@allkristiningram
@allkristiningram 7 жыл бұрын
+Nikita Carter You're welcome. Thanks for commenting. I appreciate it!
@mohammedalhusaini6079
@mohammedalhusaini6079 5 жыл бұрын
thank you so much , you are great teacher !
@allkristiningram
@allkristiningram 5 жыл бұрын
Thank you. I appreciate that.
@connorkehoe3154
@connorkehoe3154 8 жыл бұрын
My exam tomorrow thanks you!!!
@allkristiningram
@allkristiningram 8 жыл бұрын
+Connor Kehoe You're welcome! Good luck with your exam!
@mitchwacksit
@mitchwacksit 5 жыл бұрын
perfect explanation for me thanks.
@yuanche2
@yuanche2 7 жыл бұрын
Thank you so much for your video!
@allkristiningram
@allkristiningram 7 жыл бұрын
+Lance Yuan you're welcome. Thanks for commenting!
@crash421000
@crash421000 5 жыл бұрын
Long overdue but Thank you, maam
@allkristiningram
@allkristiningram 5 жыл бұрын
You're welcome!
@destineycontreras4697
@destineycontreras4697 8 жыл бұрын
Kristin thank you for sharing this! This was very helpful. Do you have any other accounting videos?
@allkristiningram
@allkristiningram 8 жыл бұрын
+Destiney Contreras I have over 60 videos on my channel. You can also check out my website: accountinginfocus.com
@katie3298
@katie3298 5 жыл бұрын
thank you!! you did a great job explaining this
@jonathanlarco2453
@jonathanlarco2453 5 жыл бұрын
Thanks for the video. Any instruction on participating dividends? Trying to find a good explanation.
@hT-pf2pn
@hT-pf2pn 7 жыл бұрын
Finally I get it, Thank you
@allkristiningram
@allkristiningram 7 жыл бұрын
You're welcome! Glad I could help!
@ma.elizabethfarenas9531
@ma.elizabethfarenas9531 5 жыл бұрын
It's easily understood. Thank you
@sarahgul8567
@sarahgul8567 8 жыл бұрын
Thank you so much, Kristin. :)
@allkristiningram
@allkristiningram 8 жыл бұрын
+Sarah Gul You're welcome! So glad I could help!
@sarahgul8567
@sarahgul8567 8 жыл бұрын
+Kristin Ingram :)
@sarahpope4728
@sarahpope4728 7 жыл бұрын
So helpful!!! Thank you for posting this.
@allkristiningram
@allkristiningram 7 жыл бұрын
+Sarah Pope you're welcome. I am so glad I could help. Thanks for commenting!
@ric1241
@ric1241 8 жыл бұрын
Thank you so much for sharing your knowledge to us. It helps me a lot coz I'm going to do a reporting about this topic in my major subject. I'm from the Philippines and a financial management student.
@allkristiningram
@allkristiningram 8 жыл бұрын
I'm so glad I could help. Thanks for leaving a comment. Good luck with your report.
@axaygiri
@axaygiri 7 жыл бұрын
thanks! we use pearson's accounting principles vol 2, has a very subtle and unnecessarily difficult way to describe. again thank you for making my life less miserable haha
@allkristiningram
@allkristiningram 7 жыл бұрын
+Axaygiri Goswami Glad I could help! Thanks for commenting!
@shandawallace
@shandawallace 9 жыл бұрын
Thank you this video was a great help...
@allkristiningram
@allkristiningram 9 жыл бұрын
Lashunda Wallace You're welcome. I'm so glad you found it helpful!
@TripperTrail
@TripperTrail 8 жыл бұрын
How would I calculate the dividend per share?
@allkristiningram
@allkristiningram 8 жыл бұрын
+Richard Williams divide the total dividend by the number of shares outstanding. Outstanding shares = issued shares - treasury. Treasury shares do not earn a dividend.
@lisalawson7160
@lisalawson7160 4 жыл бұрын
Where does the 100,000 shares of$1 par value common stock come into play? is there another video on that and that part of the question is there to throw you off or did I miss something? Thank you, even though I am still a little confused this is much more understandable to me!
@allkristiningram
@allkristiningram 4 жыл бұрын
Check out my website Accountinginfocus.com. I have a full common stock explanation there.
@themixedherb6578
@themixedherb6578 7 жыл бұрын
Thank you very much for your explanation it was useful and help out :)
@raamk2270
@raamk2270 4 жыл бұрын
Thanks for this video. Clarified. Can you help me understand how are preferred shares allocated. Does a common shareholder have access to prefered shares?
@allkristiningram
@allkristiningram 4 жыл бұрын
Maybe, it depends on the way the preferred shares are offered.
@ataquraan4879
@ataquraan4879 6 жыл бұрын
Thank You!!!
@user-uu5yo9mc2o
@user-uu5yo9mc2o 3 жыл бұрын
oh my goodness thank you so much
@allkristiningram
@allkristiningram 3 жыл бұрын
You're welcome!
@AquaaLeo
@AquaaLeo 10 жыл бұрын
Thank you very much, that helped me alot
@allkristiningram
@allkristiningram 10 жыл бұрын
Glad I could help!
@jasmineau-yeung2979
@jasmineau-yeung2979 6 жыл бұрын
Thank you so much for your video, it was so helpful!
@allkristiningram
@allkristiningram 6 жыл бұрын
You're welcome!
@joehgilles8313
@joehgilles8313 8 жыл бұрын
Thanks a lot. Good stuff.
@allkristiningram
@allkristiningram 8 жыл бұрын
+joeh gilles You're welcome. Glad I could help!
@robertaghazarian6849
@robertaghazarian6849 7 жыл бұрын
Great help.(thanks)
@allkristiningram
@allkristiningram 7 жыл бұрын
+Robert Aghazarian you're welcome! Thanks for leaving a comment. I appreciate it.
@rayandojohnson9101
@rayandojohnson9101 8 жыл бұрын
great video
@allkristiningram
@allkristiningram 8 жыл бұрын
+Rayando Johnson Thank you!
@chessnut9744
@chessnut9744 4 жыл бұрын
Thanks a log. I thought that the dividends given for preferred stock is fixed? So why isn't the dividend the same for each year?
@allkristiningram
@allkristiningram 4 жыл бұрын
The reason it changes is because there is not enough cash to pay them so they are paying multiple years in arrears.
@IvanIvanov-wd4mu
@IvanIvanov-wd4mu 6 жыл бұрын
Thank you!
@allkristiningram
@allkristiningram 6 жыл бұрын
You're welcome!
@TheCutecuterose
@TheCutecuterose 10 жыл бұрын
thank you this really helped
@allkristiningram
@allkristiningram 10 жыл бұрын
You're welcome. I'm glad I could help!
@F3R2049
@F3R2049 9 жыл бұрын
it helped me a lot... thank you.
@allkristiningram
@allkristiningram 9 жыл бұрын
+Prolawn Asuncion You're welcome! So glad I could help!
@kevinsharadin765
@kevinsharadin765 7 жыл бұрын
Very good video. i'm lost on the 2013 part toward the end. I don't get how you got $25,000 in cummulative part.
@allkristiningram
@allkristiningram 7 жыл бұрын
+KEVIN SHARADIN the $25,000 is the 2013 dividend plus the amount in arrears.
@joshualibo-on8175
@joshualibo-on8175 7 жыл бұрын
Thank you so much.
@allkristiningram
@allkristiningram 7 жыл бұрын
+Joshua Libo-on you're welcome! Glad I could help!
@ski34able
@ski34able 5 жыл бұрын
Thank you!!!
@allkristiningram
@allkristiningram 5 жыл бұрын
Thanks!
@grazi4u
@grazi4u 6 жыл бұрын
when would we have to use the 100,000 shares of $1 par value common stock? Like it is not important as far as knowing how to do preferred stock and common stock dividends?
@allkristiningram
@allkristiningram 6 жыл бұрын
In this example, it is extra information unless you need to calculate the common stock dividend per share.
@tanielatuihalafatai3652
@tanielatuihalafatai3652 7 жыл бұрын
Thank you! This was awesome!
@allkristiningram
@allkristiningram 7 жыл бұрын
+Taniela Tuihalafatai Thank you. I am so glad it was helpful. Thank you for commenting!
@JokersAce0
@JokersAce0 9 жыл бұрын
Thanks
@tobennauba4055
@tobennauba4055 9 жыл бұрын
please do one for payroll taxes
@strongmind6584
@strongmind6584 4 жыл бұрын
in each series or round, how many common shares can be open to each investor? is there a number or even a limit to these?
@allkristiningram
@allkristiningram 3 жыл бұрын
The only limit is the number of shares authorized in the charter.
@SparkleAndLearn
@SparkleAndLearn 7 жыл бұрын
You are an amazing individual. thank you so much! (;
@allkristiningram
@allkristiningram 7 жыл бұрын
+Soul thank you for the lovely comment. I'm so glad I was able to help!
@masabbutt3608
@masabbutt3608 7 жыл бұрын
i have one confusion that how can a dividend is greater than eps? they both are calculated from the profit after taxation. aren't they? and dividend is further a part of profit after taxation.
@allkristiningram
@allkristiningram 7 жыл бұрын
Dividends are paid out of retained earnings. Therefore, you can have a dividend that is higher than EPS.
@wjeantravel
@wjeantravel 7 жыл бұрын
What does the journal entry look like for this example?
@allkristiningram
@allkristiningram 7 жыл бұрын
The journal entry would be the same as the entries found here: kzfaq.info/get/bejne/rsmXnJeZ3ZOydoE.html
@Gynuyinee
@Gynuyinee 7 жыл бұрын
Well Done (clapping) Now I understand it.
@allkristiningram
@allkristiningram 7 жыл бұрын
+B Raq Thank you. So glad I could help. Thanks for commenting.
@abhishekpokhrel9658
@abhishekpokhrel9658 3 жыл бұрын
Do you have a video for Participating on both Cumulative and Non-cumulative
@allkristiningram
@allkristiningram 3 жыл бұрын
Sorry I do not.
@pedrogalindo2580
@pedrogalindo2580 9 жыл бұрын
If you wanted to find the per share value how would you do that?
@allkristiningram
@allkristiningram 9 жыл бұрын
+Pedro Galindo you would take the total stockholder's equity less any preferred equity and divide that by the number of shares outstanding.
@robetopantinople8002
@robetopantinople8002 7 жыл бұрын
How about the participating & non participating preference share its affect the dividend declaration?
@allkristiningram
@allkristiningram 7 жыл бұрын
Preference should not make a difference unless the stocks are treated differently for dividend distributions. That would need to be clearly stated.
@pbandino1
@pbandino1 9 жыл бұрын
Hello I have a question. you have two question on this problem what happen with the common stock, 100,000 shares $1, par value common stock. I have seen this type of exercises and now capture my attention, because I have an exercise Company declared a$20,000 cash dividend to shareholders 5,000 shares of $15-par, 10% preferred stock noncumulative 10,000 shares of $20-par common stock How much will the preferred and common stockholders receive on the date of payment? 5,000 *$15 * 10%= 7,500 Preferred $7,500 common $12,500 The calculation for the common stock ???
@allkristiningram
@allkristiningram 9 жыл бұрын
The rest of the money goes to the common shareholders. If there are 10,000 shares of common stock then each share would receive $12,500/10,000 shares or $1.25 per share. The preferred shareholders get 10% of $15 or $1.50 per share.
@pbandino1
@pbandino1 9 жыл бұрын
That's why I ask you, you didn't calculate the part of the common stock.You give the rest from preferred. So in my work Preferred $7,500 Common $12,500 + 10,000 share $20 I'm confused
@allkristiningram
@allkristiningram 9 жыл бұрын
The total dividend amount is given. Whatever is left over goes to the common shareholders. It's not really a calculation. They just get whatever the preferred shareholders don't take.
@kathlynlarisma7835
@kathlynlarisma7835 5 жыл бұрын
Thankyou so much
@allkristiningram
@allkristiningram 5 жыл бұрын
You're welcome!
@brandonrehak9776
@brandonrehak9776 4 жыл бұрын
what if is 80,000 at 4% 100$ par and declared a $21,000 cash dividend? would preferred be 21k?
@allkristiningram
@allkristiningram 4 жыл бұрын
80,000 shares? Preferred would take up all the cash and you would have a huge dividend in arrears.
@purpledonatello
@purpledonatello 9 жыл бұрын
got a question? why didn't you subtract 10,000 from 40,000 in year 2013? i dont get it?
@allkristiningram
@allkristiningram 9 жыл бұрын
***** Cumulative preferred stock earns the dividend even if it is not paid. If the dividend is not paid in full, it is called "dividends in arrears." In 2013, there are $15,000 worth of dividends in arrears ($5,000 from 2011 and $10,000 from 2012). Therefore, when the $40,000 was declared in 2013: $5,000 went to pay the dividends in arrears for 2011 $10,000 went to pay the dividends in arrears for 2012 $10,000 went to pay the dividend for 2013. I hope the explanation makes sense. If not, please ask more questions.
@purpledonatello
@purpledonatello 9 жыл бұрын
Kristin Ingram confusing still, but how about this. in 2013 the company has enough dividends(40,000) to pay off rest of the "owed" arrears(15,000) and thats why collectivly arrears stopped? right? arrears would not kept on going because the company had enough? if that current year 2013 lets say has amount of 15,000 then arrears would be 5,000 then what happens? would collective arrears would be 20,000? i think im getting it...
@allkristiningram
@allkristiningram 9 жыл бұрын
***** Do you mean the dividend declared was $15,000 for 2013? That would pay off the dividends in arrears for 2011 and 2012, but the 2013 dividend due to the preferred shareholders is an additional $10,000. Arrears $15,000 current $10,000 Paid ($15,000) Amount due $10,000
@candycandyfu
@candycandyfu 8 жыл бұрын
Hi can u provide the entries for preferred stock cumulative, issuance and
@allkristiningram
@allkristiningram 8 жыл бұрын
+Rita Hong check out the video on common stock issuance. Preferred stock is done exactly the same way.
@justnobody07.
@justnobody07. 7 жыл бұрын
pls answer may question. what if in 5 years and cummulative. 2010 loss 2011 loss 2012 loss 2013 income 2014 income. if it is cummulative am I going to "X" all the year or just the year that it has an income?
@allkristiningram
@allkristiningram 7 жыл бұрын
+summer summerr the dividends are not tied to profit or loss, just on dividends paid. Therefore, you would calculate the dividends in arrears for all years they are not paid.
@justnobody07.
@justnobody07. 7 жыл бұрын
Kristin Ingram yes maam. it says in the problem that the company for the first time plans to declare cash dividend it has not paid a cash or dividend before. the given is 2008 300k loss 2009 200k loss 2010 100k loss. and 2011 350k income and 2012 1.250k income. it is 10% cummulative and fully participating pref.share par 100 per share authorized issued/outstanding 5000shares. so the calculation is?is it (500,000 x 10% x 5 years?) since they are not paid for 5 years maam? sorry for inconvenience maam but i need help.
@allkristiningram
@allkristiningram 7 жыл бұрын
+summer summerr yes, your calculation is correct.
@justnobody07.
@justnobody07. 7 жыл бұрын
Kristin Ingram maam?thank you so much. :')
@jonathank3759
@jonathank3759 6 жыл бұрын
you da best
@allkristiningram
@allkristiningram 6 жыл бұрын
Thanks! You're pretty awesome yourself.
@trustee0129
@trustee0129 7 жыл бұрын
explain common and prefered stock
@allkristiningram
@allkristiningram 7 жыл бұрын
Here is my post with explanations of the two types of stock: accountinginfocus.com/financial-accounting/equity-financial-accounting/stock-terminology/
@petercross1844
@petercross1844 4 жыл бұрын
why do they give a percentage and a par value, y not just give the multiplication of the two
@allkristiningram
@allkristiningram 4 жыл бұрын
Because you also have to factor in the number of shares outstanding.
@mikelawy
@mikelawy 8 жыл бұрын
why did they get $10000 in 2012 cummulative preffered
@allkristiningram
@allkristiningram 8 жыл бұрын
+mikelawy in 2012, they received 0 for cumulative preferred
@allkristiningram
@allkristiningram 8 жыл бұрын
+mikelawy the 2013 noncummulative was $10,000.
@BangMaster96
@BangMaster96 8 жыл бұрын
Way Easier than my shitty professor tried to explain my college, CSUF, needs to fire their accounting department and hire some one better who can actually teach students thanks for the video
@allkristiningram
@allkristiningram 8 жыл бұрын
+Sunny shah You're welcome. So glad I could help. Sorry your professor wasn't able to help you.
@BangMaster96
@BangMaster96 8 жыл бұрын
Kristin Ingram Haha lol, screw my professor
@hT-pf2pn
@hT-pf2pn 7 жыл бұрын
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2015: Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . $400,000 Paid-in capital in excess of par value, common stock . . . . . . . . . . . . . . . . . 60,000 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 270,000 Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $730,000 In year 2016, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 D irectors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,500 of its treasury shares at $24 cash per share. Aug. 22 Sold 2,500 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. I did not understand the journal entry on Jan 5 ?
@allkristiningram
@allkristiningram 7 жыл бұрын
It's important to understand the three dates: declaration date, recording date, and payment date. Jan 5 is the declaration date, when the liability and dividend are recorded.
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