Question
Yorks outstanding stock consists of 15,000 shares of noncumulative 5.90% preferred stock with a $10 par value and also 37,500 shares of common stock with
Yorks outstanding stock consists of 15,000 shares of noncumulative 5.90% preferred stock with a $10 par value and also 37,500 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: |
2015 | $ | 7,000 |
2016 | 5,850 | |
2017 | 110,000 | |
2018 | 198,000 | |
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Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 2 decimal places.) |
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