The Anselm Corporation has 10,000 shares of its $100 par value, 7 percent cumulative preferred stock outstanding,

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The Anselm Corporation has 10,000 shares of its $100 par value, 7 percent cumulative preferred stock outstanding, and 50,000 shares of its $1 par value common stock outstanding. In Anselm's first four vears of operation, its board of directors paid cash dividends as follows: 20x3, none;' 20x4, $120,000; 20x5, $140,000; 20x6, $140,000. Determine the dividends per share and total cash dividends paid to the preferred and common stockholders during each of the four years.

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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