5 Part 2 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 19,800 29,500 285,000 435,000 0.71 points York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 shares common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. eBook Hint Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Print Annual Preferred Dividend: References Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 Year 2 Year 3 Year 4 $ 19,800 29,500 285,000 435,000 Totals $ 769,300

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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5
Part 2 of 2
Year 1 total cash dividends
Year 2 total cash dividends
Year 3 total cash dividends
Year 4 total cash dividends
$ 19,800
29,500
285,000
435,000
0.71
points
York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 shares
common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash
dividends:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
eBook
Hint
Par Value per
Preferred
Share
Dividend Rate
Dividend per
Preferred
Share
Number of
Preferred
Preferred
Dividend
Shares
Print
Annual Preferred Dividend:
References
Dividends in
Total Cash
Dividend Paid
Paid to
Preferred
Paid to
Common
Arrears at
year-end
Year 1
Year 2
Year 3
Year 4
$
19,800
29,500
285,000
435,000
Totals
$ 769,300
Transcribed Image Text:5 Part 2 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 19,800 29,500 285,000 435,000 0.71 points York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 shares common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. eBook Hint Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Print Annual Preferred Dividend: References Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 Year 2 Year 3 Year 4 $ 19,800 29,500 285,000 435,000 Totals $ 769,300
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