Question
[The following information applies to the questions displayed below.] Year 1 total cash dividends $ 15,500 Year 2 total cash dividends 24,000 Year 3 total
[The following information applies to the questions displayed below.]
Year 1 total cash dividends | $ | 15,500 |
Year 2 total cash dividends | 24,000 | |
Year 3 total cash dividends | 225,000 | |
Year 4 total cash dividends | 375,000 | |
rev: 11_12_2020_QC_CS-240359
Exercise 13-10 Dividends on common and noncumulative preferred stock LO C2
Yorks outstanding stock consists of 80,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 250,000 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:
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
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