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Part 1 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 75,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 240,000 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 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share answer to 3 decimal places) Annual Preferred Dividend Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share Total Cash Dividend Paid S S $ 12,100 20,500 220,000 370,000 12,100 20.500 220,000 370.000 622.600 Dividend per Dividend Rate Preferred Share Paid to Preferred Paid to Common Number of Preferred Preferred Dividend Shares Dividends in Arrears at year end

Part 1 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 75,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 240,000 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 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share answer to 3 decimal places) Annual Preferred Dividend Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share Total Cash Dividend Paid S S $ 12,100 20,500 220,000 370,000 12,100 20.500 220,000 370.000 622.600 Dividend per Dividend Rate Preferred Share Paid to Preferred Paid to Common Number of Preferred Preferred Dividend Shares Dividends in Arrears at year end

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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Part 1 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 75,000 shares of noncumulative 60% preferred stock with a $5 par value and also 240,000 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 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share answer to 3 decimal places.) Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share Total Cash Dividend Paid: S $ 12,100 20,500 220,000 370,000 $ 12.100 20,500 220,000 370.000 622.600 Dividend per Dividend Rate Preferred Share Paid to Preferred Paid to Common Number of Preferred Preferred Dividend Shares Dividends in Arrears at year end
Transcribed Image Text:Part 1 of 2 Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 75,000 shares of noncumulative 60% preferred stock with a $5 par value and also 240,000 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 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common (Round your "Dividend per Preferred Share answer to 3 decimal places.) Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share Total Cash Dividend Paid: S $ 12,100 20,500 220,000 370,000 $ 12.100 20,500 220,000 370.000 622.600 Dividend per Dividend Rate Preferred Share Paid to Preferred Paid to Common Number of Preferred Preferred Dividend Shares Dividends in Arrears at year end
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