York 's outstanding stock consists of 80,000 shares of noncumulative 7 5 preferred stock with a $5 par value and also 200,000 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 2015 total cash div...

NonCumulative Preferred Common 2015 20000 paid Preferred 20 ...

York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value

Question:

York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 and also 200,000 shares of with a $1 During its first four years of operation, the declared and paid the following total cash dividends:
2015 total cash dividends . . . . . . . . . . . . . . $ 20,000
2016 total cash dividends . . . . . . . . . . . . . . 28,000
2017 total cash dividends . . . . . . . . . . . . . . 200,000
2018 total cash dividends . . . . . . . . . . . . . . 350,000
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.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...