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Cash Dividends Kerry Company has 1,200 shares of $100 par value, 7% preferred stock and 11,600 shares of $10 par value common stock outstanding. The
| Cash Dividends | ||
| Kerry Company has 1,200 shares of $100 par value, 7% preferred stock and 11,600 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2013. Since 2013, Kerry has declared and paid dividends as follows: | ||
| 2014 | $0 | |
| 2015 | 9,200 | |
| 2016 | 19,800 | |
| 2017 | 24,800 | |
| 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2015 to 2017. If an amount is zero, enter "0". | ||
| Year | Preferred Dividends | Common Dividends |
| 2015 | 9200 | 0 |
| 2016 | ||
| 2017 | ||
| If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? | ||
| Year | Preferred Dividends | Common Dividends |
| 2015 | ||
| 2016 | ||
| 2017 | ||
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The Fraud Audit Responding To The Risk Of Fraud In Core Business Systems
Authors: Leonard W. Vona
1st Edition
0470647264, 978-0470647264
