Question
Exercise 21-6 Dividends on common and noncumulative preferred stock [LO4] York's outstanding stock consists of (a) 20,000 shares of noncumulative 8.0% preferred stock with a
Exercise 21-6 Dividends on common and noncumulative preferred stock [LO4]
York's outstanding stock consists of (a) 20,000 shares of noncumulative 8.0% preferred stock with a $5 par value and (b) 50,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.
2010 $ 5,333 2011 29,000 2012 80,000 2013 196,000
Requirement 1:
Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
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