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Question 4) Canyon Corp manufactures mountain bikes and distributes then through retail outlets in Colorado and Utah. Canyon Corp. has declare the following annual dividends
Question 4) Canyon Corp manufactures mountain bikes and distributes then through retail outlets in Colorado and Utah. Canyon Corp. has declare the following annual dividends over a six year period: 1993, $30,000; 1994, $15,000; 1995, $10,000; 1996, $4,000; 1997, $50,000; and 1998, $75,000. During the entire period, the outstanding stock of the company was composed of 10,000 shares of cumulative, non-participating, $2 preferred stock, $50 par, and 25,000 share of common stock, $10 par. Instructions: Calculate 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 on january 1, 1993. Summarize the data in tabular form, using the following column headings
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