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Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Moser Company began business on March 1, Year 1. At that time, it issued 20,000
Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Moser Company began business on March 1, Year 1. At that time, it issued 20,000 shares of $60 par value, 7% cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of Year 3 , there has been no change in the number of preferred and common shares outstanding. a. Assume that Moser declared and paid cash dividends of $0 in Year 1, $183,000 in Year 2, and $200,000 in Year 3 . Compute the total cash dividends and the dividends per share paid to each class of stock in Year 1, Year 2, and Year 3. Round the per share amount to two decimal places. b. Assume that Moser declared and paid cash dividends of $0 in Year 1,$84,000 in Year 2 , and $150,000 in Year 3 . Compute the total cash dividends and the dividends per share paid to each class of stock in Year 1, Year 2, and Year 3. Round the per share amount to two decimal places
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