Question
Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] par value or preferred share.
Required information
Use the following information for the Exercises below. (Static)
[The following information applies to the questions displayed below.]
par value or preferred share. Dividend rate. divivden per perffered share. number of preferred share. preffered dividen
Annual preferred dividends -------- ------ ------ ------------------------ ----------
total cash paid to preferred paid to common dividend in arrears at year-end
Year 1 total cash dividends | $ 20,000 |
---|---|
Year 2 total cash dividends | 28,000 |
Year 3 total cash dividends | 200,000 |
Year 4 total cash dividends | 350,000 |
Exercise 11-12 (Static) Dividends on common and cumulative preferred LO C2
Yorks outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
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