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please help thank you!!! New England Communications has the following stockholders' equity on December 31. 2018 . (Click on the icon to view the stockholders'
please help thank you!!!
New England Communications has the following stockholders' equity on December 31. 2018 . (Click on the icon to view the stockholders' equity) Road the tequinements: Requirement 1. Assuming the praferred stock is cumulative, compute the amount of dividends to proferred stockholders and to common stockhelders for 20 t8 and 2019 if totat: dividends are $20,000 in 2018 and $48,000 in 2019 . Assume no changes in preferred stock and common stock in 2019 . (Assume all preforred isividench have been paid price lo 2018 Complete al input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure fo enter the calculated devidend an the "carrent year dividend ine and the paid out dividend on the "total dividond to preferred stockholders" line) New Englands 2018 dividend would be divided between preferted and common stochholders in this manner Data table Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $20,000 in 2018 and $48,000 in 2019 . Assume no changes in preferred stock and common stock in 2019 2. Record the journal entries for 2018 , assuming that New England Communications declared the dividend on December 1 for stockholders of record on December 10. New England Communications paid the dividend on December 20 Step by Step Solution
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