10$

recording and reporting treasury stock transactions

1. Holders of the holders receive any dividends. 2. Holders of the stock can receive dividends exceeding the stated rate under certain condit 3. Holders of the stock are not entitled to receive dividends in excess of the stated rate, 4. Holders of the stock lose any dividends that are not declared in the current year York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with value and also 200,000 shares of common stock with a $1 par value. During its first four years tion, the corporation declared and paid the following total cash dividends: 2015 total cash dividends. 2016 total cash dividends. $20,000 28,000 200,000 2017 total cash dividends. 350,000 2018 total cash dividends. Determine the amount of dividends paid each year to each of the two classes of stockholders and common. Also compute the total dividends paid to each class for the four years combined Use the data in Exercise 11-8 to determine the amount of dividends paid each year to each classes of stockholders assuming that the preferred stock is cumulative. Also determine the tot paid to each class for the four years combined. On October 10, the stockholders' equity of Sherman Systems appears as follows: Common stock-$10 parvalue, 72,000 shares authorized, issued, and outstanding $ 720,000 Paid-in capital in excess of par value, common stock Retained earnings. Total stockholders equity 216,000 864,000 $1,800,000 1. Holders of the holders receive any dividends. 2. Holders of the stock can receive dividends exceeding the stated rate under certain condit 3. Holders of the stock are not entitled to receive dividends in excess of the stated rate, 4. Holders of the stock lose any dividends that are not declared in the current year York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with value and also 200,000 shares of common stock with a $1 par value. During its first four years tion, the corporation declared and paid the following total cash dividends: 2015 total cash dividends. 2016 total cash dividends. $20,000 28,000 200,000 2017 total cash dividends. 350,000 2018 total cash dividends. Determine the amount of dividends paid each year to each of the two classes of stockholders and common. Also compute the total dividends paid to each class for the four years combined Use the data in Exercise 11-8 to determine the amount of dividends paid each year to each classes of stockholders assuming that the preferred stock is cumulative. Also determine the tot paid to each class for the four years combined. On October 10, the stockholders' equity of Sherman Systems appears as follows: Common stock-$10 parvalue, 72,000 shares authorized, issued, and outstanding $ 720,000 Paid-in capital in excess of par value, common stock Retained earnings. Total stockholders equity 216,000 864,000 $1,800,000