Course: 2017/FA Chapter 13 Exercises 1 Start E connect ACCOUNTING Chapter 13 Exe

Question

Course: 2017/FA Chapter 13 Exercises 1 Start E connect ACCOUNTING Chapter 13 Exercises Quession 3 fof 10 3. 1 Exercise 13-8 Dividends on common and noncumulative preferred stock LO C2 York's otstandig stock consists of 12,000 shares of nonamulative 600% preferred stock with a $10 par value and abo 30,000 shares of common stock wilth a $1 par value During its first four years of aperation corporation dodared and paid-folowing total cash dehnds 2015 6000 2016 2017 110.000 2018 200,000 Detemine the amount of dividends paid each year to each of the two classes of slockholders prelerred and Dividend per Preferred Share" answers to 2 decimal places paid to each class for the four years combined. (Round your Preferred Dvidend Rate Paid to Common Arrears at 6200 200.000 Totat S 3222001 Hints References Book & Resources Type here to search

Explanation / Answer

Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: 10 6.00% 0.6 12,000 7200 Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2015 6000 6000 2016 6,200 6200 2017 1,10,000 7,200 1,02,800 2018 2,00,000 7,200 1,92,800 Total: 322200 26600 295600

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---