Question
pecan theatre inc owns and operates movie theaters throughout florida and georgia. pecan thetre has declared the following annual dividends over a six year period:
pecan theatre inc owns and operates movie theaters throughout florida and georgia. pecan thetre has declared the following annual dividends over a six year period: 20y1, 32000; 20y2 64000; 20y3, 144000; 20y4, 184000; 20y5, 224000; and 20y6 280000. During the entire year of December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of Cummulative, preferred 2% stock, 100 par, and 100,000 shares of common stock, $5 par.
required: determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. there were no dividends in arrears at the beginning of 20y1. summarize the data in tabular form. if required, round your answers to two decimal places if amount is 0 then enter 0.
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