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Please Help WIth the ones I got incorrect Please. Trying to figure out where I went wrong. Thank you in advance! Analyzing Cash Dividends on
Please Help WIth the ones I got incorrect Please. Trying to figure out where I went wrong. Thank you in advance!
Analyzing Cash Dividends on Preferred and Common Stock Torres Company began business on June 30, 2018. At that time, it issued 30,000 shares of $40 par value, 8% cumulative preferred stock and 120,000 shares of $5 par value common stock. Through the end of 2020 , there has been no change in the number of preferred and common shares outstanding. a. Assume the company declared and paid cash dividends of $123,600 in 2018,$0 in 2019 , and $553,200 in 2020 . Compute the total cash dividends and the dividends per share paid to each class of stock in 2018,2019 , and 2020. b. Assume the company declared and paid cash dividends of $0 in 2018,$192,000 in 2019, and $333,600 in 2020 . Compute the total cash dividends and the dividends per share paid to each class of stock in 2018,2019 , and 2020
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