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I need help completing this! York's outstanding stock consists of 65,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 220,000
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York's outstanding stock consists of 65,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 220,000 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 $ 9,300 17,500 210,000 360,000 xercise 13.9 Dividends?n common and cumulative preferred stock LO C2 etermine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is mulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred are" answers to 3 decimal places.) Par Value per Dividend per Number of Preferred Shares Preferred Dividend Preferred Dividend Rate Preferred nnual Preferred Dividend: 5.00 6,0% $ 0.300 65,000 $ 19,500 Dividends in Arrears at year-end Paid to Paid to Commorn Total Cash Dividend Paid Preferred 015 016 017 018 0 10,200 9,300 $ 17,500 9,300 $ 17,500 210,000 360,000 19,500 340,500Step by Step Solution
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