On August 1, 2019, Deuce Corporation repurchases 1,000 share…

On August 1, 2019, Deuce Corporation repurchases 1,000 shares of its outstanding common stock for $20 per share. The stock has a par value of $15 per share. On October 1, 2019, Deuce sells 500 shares of treasury stock for $23 per share, and on December 15, 2019, Deuce sells 400 shares of treasury stock for $16 per share. The journal entry to record the transaction on December 15 would include:

Mason Manufacturing has common stock with a par value of $2…

Mason Manufacturing has common stock with a par value of $2 per share and cumulative preferred stock, with a par value of $50 and a dividend percentage of 5%. On January 1, 2019, Mason had 6,000 shares of preferred stock outstanding and one year of dividends in arrears for 2018. If Mason declares a $40,000 total cash dividend for 2019, how much of the 2019 cash dividend will common stockholders receive?