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Bennett Company paid cash dividends totaling $40,000 in 2013, and $50,000 in 2014. In 2015, Bennett will pay cash dividends of $900,000. Compute: a) the
Bennett Company paid cash dividends totaling $40,000 in 2013, and $50,000 in 2014. In 2015, Bennett will pay cash dividends of $900,000. Compute: a) the amount of cash dividends to be received by common and preferred stockholders in each of the three years under each assumption below. b) the arranges, if any, for preferred stock c) the amount of cash dividends per share to be received by common and preferred shareholders in each year under each of the following assumptions. Treat each case independently. There were no dividends in arrears as of January 1, 2013. (1) 25,000 shares of common and 100.000 shares of 6 percent, $50 par cumulative preferred. (2) 25,000 shares of common and 100.000 shares of 6 percent, $50 par noncumulative preferred
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