Anderson Company paid dividends at the end of each year as follows: 2009, $150,000; 2010, $240,000; and
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Anderson Company paid dividends at the end of each year as follows: 2009, $150,000; 2010, $240,000; and 2011, $560,000. Determine the amount of dividends per share paid on common and preferred stock for each year, assuming independent capital structures as follows:
(a) 300,000 shares of no-par common; 10,000 shares of $100 par, 9% noncumulative preferred.
(b) 250,000 shares of no-par common; 20,000 shares of $100 par, 9% noncumulative preferred.
(c) 250,000 shares of no-par common; 20,000 shares of $100 par, 9% cumulative preferred.
(d) 250,000 shares of $1 par common; 30,000 shares of $100 par, 9% cumulative preferred.
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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