Cuba Corp Provides the Following Information for 2020: Preferred Shares, 8
Question 160
Question 160
Essay
Cuba Corp. provides the following information for 2020: Preferred shares, 8%, par value $ 100, cumulative, callable:
Call price per share ................................. Shares outstanding ................................. Dividends in arrears ................................. Common shares, no par value: Shares is sued ............................................ Dividends paid per share ............................ Market price per share .............................. Carrying value ......................................... Retained earnings (after closing).............. Treasury shares (common) ...................... Number of treasury shares held ................ Shareholders’ equity, Dec 31 ................... Net income for 2020 ................................ Earnings per share ................................... Price earnings ratio of common shares ...... Payoutratio .............................................. Book value per common share .................. $1055,000none60,000 (a) (b) $800,000$175,000$125,0005,000 (c) (d) $4.00940% (e) Instructions Complete the missing information.
Correct Answer:
Verified
a) 40% x $ 4 = $ 1.60 b) 9 x $ 4 = $ 36 ...
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