Rim Corporation has 5,000 shares of its $100 par value, 7 percent cumulative preferred stock outstanding, and 25,000 shares of its $1 par value common stock outstanding In Rims first four years of operation, its board of directors paid cash dividends as follows 2009, none 2010, $60,000 2011, $70,00...

2009 2010 2009 dividends in arrears 500000 007 2010 dividends 60000 Totals 2011 2010 di ...

Rim Corporation has 5,000 shares of its $100 par value, 7 percent cumulative preferred stock outstanding, and

Question:

Rim has 5,000 shares of its $100 7 percent cumulative preferred stock outstanding, and 25,000 shares of its $1 outstanding. In Rim’s first four years of operation, its board of directors paid cash dividends as follows: 2009, none; 2010, $60,000; 2011, $70,000; 2012, $70,000.

Determine the dividends per share and total cash dividends paid to the preferred and common stockholders during each of the four years.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...