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keery company has 1,000 shares of $100 par value, 8% preferred stock and 11,800 shares of $10 par valie common stock outstanding. the preferred stock
keery company has 1,000 shares of $100 par value, 8% preferred stock and 11,800 shares of $10 par valie common stock outstanding. the preferred stock is cumulative and nonparticipating. dividends were paid in 2013. sonce 2013, kerry has declared and paid dividends as follows:
Cash Dividends Kerry Company has 1,000 shares of $100 per value, o preferred stock and 11,400 wars of $10 par value comman stock outstanding. The preferres stocks cumulative and competicioating Dividends were paid in 2013. Since 2013, Kerry has declared and paid dividends as follows 10 2014 2015 2016 2017 3,500 17,100 Required: 1. Determine the amount of the dividends to be located to preferred and common stockholders for each year 2015 to 2017. an amount it rester Year Preferred Dividends Common Dividends 2015 9,500 $26.600 x 2,300 2017 2. If the preferred stack had been noncurve, how much would have been allocated to the preferred and common stockholders cher Year Preferred Dividends Common Dividende 2015 2016 2014. $0
2015. 9500
2016. 17100
2017. 22600
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