The outstanding capital stock of Cheyenne Corporation consists of1,900shares of $100par value,8% preferred, and4,700shares of $50par value common.

Assuming that the company has retained earnings of $89,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.

(a)The preferred stock is noncumulative and nonparticipating. - Solved

(b)The preferred stock is cumulative and nonparticipating.- Solved

(c)The preferred stock is cumulative and participating. - Need Assistance