Question
Dividends Keener Company has had 700 shares of 6%, $100 par preferred stock and 46,000 shares of $5 stated-value common stock outstanding for the last
Dividends
Keener Company has had 700 shares of 6%, $100 par preferred stock and 46,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $2,700, $26,100, and $25,800 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 "0".
1. Preferred stock is nonparticipating and noncumulative.
Keener Company | |||
Schedule of Dividends | |||
Preferred | Common | Total | |
Year 1 | $fill in the blank e93f19f18014feb_1 | $fill in the blank e93f19f18014feb_2 | $fill in the blank e93f19f18014feb_3 |
Year 2 | $fill in the blank e93f19f18014feb_4 | $fill in the blank e93f19f18014feb_5 | $fill in the blank e93f19f18014feb_6 |
Year 3 | $fill in the blank e93f19f18014feb_7 | $fill in the blank e93f19f18014feb_8 | $fill in the blank e93f19f18014feb_9 |
2. Preferred stock is nonparticipating and cumulative.
Keener Company | |||
Schedule of Dividends | |||
Preferred | Common | Total | |
Year 1 | $fill in the blank 9b391e0df073026_1 | $fill in the blank 9b391e0df073026_2 | $fill in the blank 9b391e0df073026_3 |
Year 2 | $fill in the blank 9b391e0df073026_4 | $fill in the blank 9b391e0df073026_5 | $fill in the blank 9b391e0df073026_6 |
Year 3 | $fill in the blank 9b391e0df073026_7 | $fill in the blank 9b391e0df073026_8 | $fill in the blank 9b391e0df073026_9 |
3. Preferred stock is fully participating and cumulative.
Keener Company | |||
Schedule of Dividends | |||
Preferred | Common | Total | |
Year 1 | $fill in the blank 29ad87034020fbf_1 | $fill in the blank 29ad87034020fbf_2 | $fill in the blank 29ad87034020fbf_3 |
Year 2 | $fill in the blank 29ad87034020fbf_4 | $fill in the blank 29ad87034020fbf_5 | $fill in the blank 29ad87034020fbf_6 |
Year 3 | $fill in the blank 29ad87034020fbf_7 | $fill in the blank 29ad87034020fbf_8 | $fill in the blank 29ad87034020fbf_9 |
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