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Benny's Bakery has paid $5000 of total dividends in the current year. No dividends have been paid for the prior 5 years. Common Stock $12
Benny's Bakery has paid $5000 of total dividends in the current year. No dividends have been paid for the prior 5 years. Common Stock $12 par value, 20000 shares authorized, 3000 shares issued and outstanding. $36000 Preferred Stock $90 par value, 5%, non-cumulative, 2000 shares authorized, 800 shares issued and outstanding. $72000 How much of the current year dividend will go to Preferred Stockholders'? How much of the current year dividend will go to Common Stockholders'? How much is in arrears at the end of the current year? Charlie's Cleaners paid total dividends in the current year of $16000. No dividends have been paid for the prior 3 years. Common Stock $10 par value, 10000 shares authorized, 8000 shares issued and outstanding. $80000 Preferred Stock $80 par value, 6%, cumulative, 1000 shares authorized, 900 shares issued and outstanding. $72000 How much of the current year dividend will go to Preferred Stockholders'? How much of the current year dividend will go to Common Stockholders'? How much is in arrears at the end of the current year
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