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Yorks outstanding stock consist of 50,000 shares of cumulative 7.2% preferred stock at $10 per value, also 127,500 shares of common stock at one dollar
Yorks outstanding stock consist of 50,000 shares of cumulative 7.2% preferred stock at $10 per value, also 127,500 shares of common stock at one dollar par value. During its first four years of operation the corporation declared and paid the following total cash dividends: 2015;22000, 2016;29000, 2017;90000, 2018;58000. Determine amount of dividends each year to each of the two classes of stockholders assuming that the preferred stock is Kim wouldve also determine the total dividends paid to each class for the four years combined .
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