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Dividends Keener Company has had 900 shares of 7%, $100 par preferred stock and 42,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $5,100, $25,800, and $30,900 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Year 1 Preferred 5,100 Year 2 $ Year 3 6,300 6,300 Common 0 $ 19,500 $ Total Preferred Common 5,100 25,800 24,600 $ 30,900 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Total

Dividends Keener Company has had 900 shares of 7%, $100 par preferred stock and 42,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $5,100, $25,800, and $30,900 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Year 1 Preferred 5,100 Year 2 $ Year 3 6,300 6,300 Common 0 $ 19,500 $ Total Preferred Common 5,100 25,800 24,600 $ 30,900 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Total

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dividends Keener Company has had 900 shares of 7%, $100 par preferred stock and 42,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $5,100, $25,800, and $30,900 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Year 1 Preferred 5,100 Year 2 $ Year 3 $ $ $ LA 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends 10 6,300 Common Preferred Common $ $ $ $ 6,300 $ 19,500 $ 25,800 $ 24,600 $ $ LA tA Preferred Common 0 $ 100 ta $ $ ta 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends $ ta LA tA ta $ Total ta 5,100 ta 30,900 Total 5,100 25,800 30,900 Total 5,100 25,800 30,900
Transcribed Image Text:Dividends Keener Company has had 900 shares of 7%, $100 par preferred stock and 42,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $5,100, $25,800, and $30,900 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Year 1 Preferred 5,100 Year 2 $ Year 3 $ $ $ LA 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends 10 6,300 Common Preferred Common $ $ $ $ 6,300 $ 19,500 $ 25,800 $ 24,600 $ $ LA tA Preferred Common 0 $ 100 ta $ $ ta 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends $ ta LA tA ta $ Total ta 5,100 ta 30,900 Total 5,100 25,800 30,900 Total 5,100 25,800 30,900
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