Question
The Scott Corporation has outstanding 10,000 shares of 10%, $50 par value, cumulative, nonparticipating preferred stock and 80,000 shares of $10 par value common stock.The
The Scott Corporation has outstanding 10,000 shares of 10%, $50 par value, cumulative, nonparticipating preferred stock and 80,000 shares of $10 par value common stock.The board of directors voted to distribute $45,000 as dividends in 2017, $65,000 in 2018, and $85,000 in 2019. Compute the amounts below.
1.Total dividend paid to preferred stockholders in 2017._____
2.Total dividend paid to common stockholders in 2017._____
3.Total dividend paid to preferred stockholders in 2018._____
4.Total dividend paid to common stockholders in 2018._____
5.Total dividend paid to preferred stockholders in 2019.______
Total dividend paid to common stockholders in 2019.
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