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Hello, Could you please help me with the following questions? The first one is noncumulative and second one is cumulative Required Information [The following information
Hello,
Could you please help me with the following questions? The first one is noncumulative and second one is cumulative
Required Information [The following information applies to the questions displayed below] Year 1 total cash dividends $ 18, 609 Year 2 total cash dividends 28, 208 Year 3 total cash dividends 270, 909 Year 4 total cash dividends 420, 208 York's outstanding stock consists of 75,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 130,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Dividend per Number of Dividend Rate Preferred Preferred Preferred Preferred Share Shares Dividend Share Annual Preferred Dividend: Dividends in Total Cash Paid to Paid to Arrears at Dividend Paid Preferred Common year-end Year 1 18,600 Year 2 28,000 Year 3 270,000 Year 4 420,000 Total: 736,600 $ 0Required Information Hire following infomarion applies to the questions displayed below} Year 1 total cash dividends 2*. 13,500 fear 2 total cash dividends 23,300 Year 3 total cash dividends 2?0,W0 fear 4 total cash dividends 410,,WB York's outstanding stock donsists of?5.000 shares of cumuiame 3.096 preferred stock with a $5 par 1value and also 130.000 shares of common stock with a $1 par value. During its rst four years of operation. the corporation declared and paid the following total cash dividends: [Round your 'Dlvldend per Preferred Share\" answer to 3 decimal place-5.] mmmmwm _____ _ __Step by Step Solution
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