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Return to question Required information [The following information applies to the questions displayed below) Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock
Return to question Required information [The following information applies to the questions displayed below) Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 19,800 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividenda Year 2 total cash dividenda $ 830 1,980 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Answer is complete but not entirely correct. Year 1 Year 2 Cumulative Common Preferred $ 830$ 0 s 1,320 $ 660
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