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Dividends Keener Company has had 1,200 shares of 6%, $100 par preferred stock and 36,000 shares of $5 stated value common stock outstanding for the
Dividends Keener Company has had 1,200 shares of 6%, $100 par preferred stock and 36,000 shares of $5 stated value common stock outstanding for the last 3 years. During that period, dividends paid totaled $6,000, $25,800, and $27,900 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 Preferred Common Total Year 1 S Year 2 Year 3 S 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Year 2 Year 3 S 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 Year 2 S a melinesess 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends Preferred CommonTotal Year 1 Year 2 S Year 3
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