Question
Need help understanding the prompt. I simply require a firmer understanding of the calculations of the question to feel confident The outstanding capital stock of
Need help understanding the prompt. I simply require a firmer understanding of the calculations of the question to feel confident
The outstanding capital stock of Ivanhoe Corporation consists of2,000shares of $100par value,9% preferred, and5,200shares of $50par value common.
Assuming that the company has retained earnings of $82,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.
(a)The preferred stock is noncumulative and nonparticipating.(Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
(b)The preferred stock is cumulative and nonparticipating.(Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
(c)The preferred stock is cumulative and participating.(Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.)
Preferred
Common
$
$
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