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financial accounting help, outstanding stocks, common stocks, par value, dividends IV.UV PURIS York's outstanding stock consists of 20,000 shares of noncumulative 5.30% preferred stock with
financial accounting help, outstanding stocks, common stocks, par value, dividends
IV.UV PURIS York's outstanding stock consists of 20,000 shares of noncumulative 5.30% preferred stock with a $10 par value and also 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: 2015 2016 2017 2018 $ 8,000 9.600 110,000 192,000 10,00 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round "Dividend Rate (%)" to 1 decimal place and "Dividend per Preferred Share" to 2 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ 2015 2016 2017 2018 Total: 8,000 9,600 110,000 192,000 319,600 $ $ 0 $ 0Step by Step Solution
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