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determine the amount of dividends paid each of the two classes of stockholders preferred and common 150 port Exercise 11-8 Dividends on common and noncumulative
determine the amount of dividends paid each of the two classes of stockholders
preferred and common
150 port Exercise 11-8 Dividends on common and noncumulative preferred stock LO C2 York's Dubtanding stock corests of 30.000 shares of noncumulative 7.5% prefored stock with a $5 par vakue and abo 200,000 shares of common stock with a 31 per value. During its first four years of operation the corporation decksred and paid the following lotal cash dividends: 2013 20,000 2014 28,000 2015 200,000 2018 350,000 Determine the amount of dividends paid each year to each of the two dlasses of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your "Diridend per Preferred Share" answers to 3 decimal places.) Par Value per Dividend per Number of Preferred Preferred SharesDivide Preferred Dividond Rate Preferred P Share Share Annual Preferred Dividend Total Cash Dividend Paid Preferred Paid to Paid to Dividends in Common Arrears at year-end 2013 2014 2015 2016 Total: 20.000 28.000 200.000 350 000 S 508,000 s Hints References eBook & ResourcesStep by Step Solution
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