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Do It! Review 11-3a Pharoah Company has 2,600 shares of 7%, $110 par value preferred stock outstanding at December 31, 2019, At December 31, 2019,
Do It! Review 11-3a Pharoah Company has 2,600 shares of 7%, $110 par value preferred stock outstanding at December 31, 2019, At December 31, 2019, the company declared a $143,000 cash dividend. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios 1. The preferred stock is noncumulative, and the company has not missed any dividends in previous years. The dividend paid to preferred stockholders The dividend paid to common stockholders 2. The preferred stock is noncumulative, and the company did not pay a dividend in each of the two previous years. The dividend paid to preferred stockholders The dividend paid to common stockholders 3. The preferred stock is cumulative, and the company did not pay a dividend in each af the two previous years. The dividend paid to preferred stockholders The dividend paid to common stockholders Click if you would like to Show Work for this question: Qpen Show Work Additional Brief Exercise 261 Domaine Corporation is authorized to issue 1,000,000 shares of 1 par value common stock. During 2018, the company has the following stock transactions. Jan. 15 Issued 500,000 shares of stock at $7 per share. Sept. 5 Purchased 30,000 shares of common stock for the treasury at $9 per share. Journalize the transactions for Domaine Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Jan. 15 Debit Credit Sept. S Click if you would like to Show Work for this question: Open Show Work
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