Question
Cajun Company has outstanding 2,500 shares of $102 par, 7% preferred stock and 17,250 shares of $10 par value common. The following schedule shows the
Cajun Company has outstanding 2,500 shares of $102 par, 7% preferred stock and 17,250 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 2 decimal places, e.g. $6.85.) Assumptions (a) Preferred, noncumulative, and nonparticipating (b) Preferred, cumulative, and fully participating Year Paid-out Preferred Common Preferred Common 2012 $14,500 $Entry field with correct answer 5.8 $Entry field with correct answer 0 $Entry field with incorrect answer $Entry field with correct answer 2013 $29,850 $Entry field with incorrect answer now contains modified data 6.9 $Entry field with incorrect answer .73 $Entry field with incorrect answer $Entry field with incorrect answer 2014 $53,100 $Entry field with incorrect answer 6.9 $Entry field with incorrect answer 2.08 $Entry field with incorrect answer $Entry field with incorrect answer 2015 $78,300 $Entry field with incorrect answer 6.9 $Entry field with incorrect answer 3.54 $Entry field with incorrect answer $Entry field with incorrect answer
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