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5. Anderson Company paid dividends at the end of each year as follows: 2012 $ 180,000 2013 $ 260,000 2014 $ 600,000 Determine the amount
5. Anderson Company paid dividends at the end of each year as follows: | |||||
2012 | $ 180,000 | ||||
2013 | $ 260,000 | ||||
2014 | $ 600,000 | ||||
Determine the amount of dividends per share paid on common and preferred stock for each year | |||||
assuming independent capital structures as follows: | |||||
A) | Common: | 300,000 shares of no- par common | |||
Preferred: | 10,000 shares of $100 par, 9% noncumulative preferred | ||||
B) | Common: | 250,000 shares of no-par common | |||
Preferred: | 20,000 shares of $100 par 9% noncumulative preferred | ||||
C) | Common: | 250,000 shares of no-par common | |||
Preferred: | 20,000 shares of $100 par 9% cumulative preferred | ||||
D) | Common: | 250,000 shares of $1 par common | |||
Preferred: | 30,000 shares of $100 par 9% cumulative preferred | ||||
2012 | 2013 | 2014 | |||
A) | Preferred | ||||
Stock | |||||
Common | |||||
Stock | |||||
B) | Preferred | ||||
Stock | |||||
Common | |||||
Stock | |||||
C) | Preferred | ||||
Stock | |||||
Common | |||||
Stock | |||||
D) | Preferred | ||||
Stock | |||||
Common | |||||
Stock |
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