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18. value: 1.25 points E11-10 Computing Dividends on Preferred stock and Analyzing Differences Cro 11-3, ro11-4] The records of Hoffman Company reflected the following balances
18. value: 1.25 points E11-10 Computing Dividends on Preferred stock and Analyzing Differences Cro 11-3, ro11-4] The records of Hoffman Company reflected the following balances in the stockholders' equity accounts at December 31, 2015 Common stock, par. 12 per share, 49,5oo shares outstanding Preferred stock, 8 percent, par s18.5 per share, 7,810 shares outstanding. Retained earnings, $239,0oo. on January 1, 2016, the board of directors was considering the distribution of a $639oo cash dividend. No dividends were paid during 2014 and 2015. Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. (Round "Per share" to 2 decimal places and rest to the nearest dollar amount. Total Per Share Paid to the Preferred Stockholders Paid to the Common Stockholders
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