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I am seeing some answers that have Dividends in Arrears At Year End filled in and some answers with this left blank, the questions allows
I am seeing some answers that have Dividends in Arrears At Year End filled in and some answers with this left blank, the questions allows me to fill in values for this column and I am confused as to what the correct answer is. Please fill out the entire table and do the question correctly. thank you in advanced.
Required information (The following information applies to the questions displayed below.) York's outstanding stock consists of 70,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 230,000 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 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 17,700 26,000 215,000 365,000 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 your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred 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 17,700 26,000 215,000 365,000 623,700 2018 Total: $ $ 0 $ 0Step by Step Solution
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