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Question 19 10 pts For this question, you will need to do the following Download the attached document Question 19 Spread sheet.xlsx and save to
Question 19 10 pts For this question, you will need to do the following Download the attached document Question 19 Spread sheet.xlsx and save to your computer. Complete the problem on your computer. Once completed you will need to upload the document back to Canvas. Question 19 - Calculate Dividends per share - (1)Using the information below calculate the dividends that each cumulative preferred and common stock shareholder are entitled to each year. (2) For each of the three years, calculate the dividends per share. CD Corporation has outstanding the following classes of stock: o 20,000 shares - Cumulative Preferred 2% stock, $75 par o 70,000 shares - Common Stock $40 par o Dividends distributed were the following o 2016 - $25,000 o 2017 - $15,000 o 2018 - $200,000 CHART OF ACCOUNTS CASH ACCOUNTS RECEIVABLE INTEREST RECEIVABLE EQUIPMENT ACCUMULATED DEPRECIATION - EQUIPMENT TRUCK ACCUMULATED DEPRECIATION - TRUCK LAND INVESTMENT IN BONDS INVESTMENTS - (NAME) VALUATION ALLOWANCE FOR TRADING INVESTMENTS ACCOUNTS PAYABLE BONDS PAYABLE INTEREST PAYABLE CASH DIVIDENDS PAYABLE DISCOUNT ON BONDS PAYABLE PREMIUM ON BONDS PAYABLE COMMON STOCK PREFERRED STOCK PAID IN CAPITAL IN EXCESS OF PAR - COMMON STOCK PAID IN CAPITAL IN EXCESS OF PAR - PREFERRED STOCK TREASURY STOCK PAID IN CAPITAL FROM SALE OF TREASURY STOCK CASH DIVIDENDS STOCK DIVIDEND RETAINED EARNINGS SALES INTEREST REVENUE DIVIDEND REVENUE GAIN ON REDEMPTION OF BONDS GAIN ON SALE OF INVESTMENTS INCOME OF (NAME OF CORPORATION) UNREALIZED GAIN (LOSS) ON AVAILABLE FOR SALE INVESTMENT UNREALIZED GAIN (LOSS) ON TRADING INVESTMENTS ORGANIZATIONAL EXPENSES INTEREST EXPENSE AMORTIZATION EXPENSE COST OF MERCHANDISE SOLD LOSS ON REDEMPTION OF BONDS LOSS ON SALE OF INVESTMENTS RENT EXPENSE SALARIES EXPENSE SUPPLIES EXPENSES
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