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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject: acounting
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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