Question
Question#3: Cash Dividends with Cumulative Preferred Stock Tucker Exports has the following stock outstanding: 25,000 shares of $80 par value, 6% cumulative preferred stock 150,000
Question#3: Cash Dividends with Cumulative Preferred Stock
Tucker Exports has the following stock outstanding:
25,000 shares of $80 par value, 6% cumulative preferred stock
150,000 shares of $2.50 par value, common stock
The company declares and pays the following dividends for the past four years:
2017 $ 65,000
2018 $412,000
2019 $303,000
2020 No dividends are paid
Compute the total cash dividends paid to each class of stock in 2017 through 2020 using the following table.
|
| Arrearage | Preferred | Common |
2011 | Current year dividend |
|
|
|
| Left in arrears |
|
|
|
|
|
|
|
|
2018 | Arrearage from prior years |
|
|
|
| Current year dividend |
|
|
|
| Left in arrears |
|
|
|
|
|
|
|
|
2019 | Arrearage from prior years |
|
|
|
| Current year dividend |
|
|
|
| Left in arrears |
|
|
|
|
|
|
|
|
2020 | Arrearage from prior years |
|
|
|
| Current year dividend |
|
|
|
| Left in arrears |
|
|
|
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