Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 Required: Part A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders.
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 Required: Part A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
52,000 shares authorized and issued* | $ | 3,328,000 | |
Common shares, | |||
87,000 shares authorized and issued* | 1,392,000 | ||
Required:
Part A
1. Calculate the total dividends paid in each year to the preferred and to the common shareholders.
![Preferred
Common
Year
Total Dividend
Dividend
Dividend
2018
$
167,000
2019
407,000
2020
567,000
Total for three years
$
0 $
0 $
1,141,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F779fb4c0-77a7-4005-91f0-97ef68e03437%2F8b0bae31-c9eb-4935-9b26-89cab57d6fb4%2F459gifq_processed.png&w=3840&q=75)
Transcribed Image Text:Preferred
Common
Year
Total Dividend
Dividend
Dividend
2018
$
167,000
2019
407,000
2020
567,000
Total for three years
$
0 $
0 $
1,141,000
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