Analyzing Cash Dividends on Preferred and Common Stock

Question E8-39.

Module 8 Stock Transactions, Dividends, and EPS E8-39. Analyzing Cash Dividends on Preferred and Common Stock Everett Company has outstanding 30,000 shares of $50 par value, 6% preferred stock and 70,000 shares of $I par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $310,000 in the second year, and $90,000 in the third year. a. If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years. b. If the preferred stock is noncumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years. 01,2 E8-40. Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders'equity section from Altria Group Inc.'s 2015 balance sheet. up Inc. (MO) 2015 December 31 (S millions, except per share amounts) Earnings reinvested in the business. Accumulated other comprehensive losses Cost of repurchased stock (845,901,836 shares) Common stock, par value $0.33Vs per share (2,805,961,317 shares issued)$ 935 5,813 27,257 (3,280) (27.845 ...2,880 Totel stockholders' equity attributable to Altria Group Inc