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What is the year 2 Dividends in Arrears at year-end? It's not 0 and it's not 2050 as another user answered. 16 Use the following
What is the year 2 Dividends in Arrears at year-end?
It's not 0 and it's not 2050 as another user answered.
16 Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.] Part 2 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,100 27,200 255,000 405,000 5 points Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Answer is complete but not entirely correct. Par Value per Preferred Share S 5.00 Annual Preferred Dividend: Total Cash Dividend Paid Dividend Number of Dividend per Preferred Preferred Rate Preferred Shares Dividend Share 6.5%$ 0.325 90,000 $ 29,250 Paid to Dividends Paid to Preferred in Arrears Common at year-end $ 18,100S 0 $ 11,150 27,200 0 0 x 42,450 212,550 0 29.250 375,750 0 117,000 S 588,300 IS Year 1 Year 2 Year 3 18,100 27,200 255,000 405,000 705,300 Year 4 Totals $
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