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Dividends Keener Company has had 1,000 shares of 8%, $100 par preferred stock and 40,000 shares of $5 stated-value common stock outstanding for the last
Dividends Keener Company has had 1,000 shares of 8%, $100 par preferred stock and 40,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $6,500, $29,100, and $35,100 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "O". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Total Preferred Common Year 1 $ Year 2 $ Year 3 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Total Preferred Common Year 1 $ Year 2 $ Year 3 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends Total Preferred Common Year 1 Year 2 $ Year 3 $
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