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Q38-Cumulative Dividends Homework Unanswered Due Today, 6:00 PM Fill in the Blanks Type your answers in all of the blanks and submit X, X' Ω· Bread Pitt had two classes of shares that were both issued on January 1, 2013: Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding

Q38-Cumulative Dividends Homework Unanswered Due Today, 6:00 PM Fill in the Blanks Type your answers in all of the blanks and submit X, X' Ω· Bread Pitt had two classes of shares that were both issued on January 1, 2013: Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding

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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9 Fill in the Blanks Type your answers in all of the blanks and submit X₂ X Ω· Bread Pitt had two classes of shares that were both issued on January 1, 2013: Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding Class B, no par value common shares issued at $50 per share, 1,000,000 shares issued and outstanding. There were no dividends paid in 2013 and 2014. In 2015, dividends of $6,000,000 were paid. For 2016, dividends paid totalled $17,000,000, and for 2017 total dividends paid were $15,000,000. How much in dividends was paid to preferred and common shares in 2013 to 2017, assuming the preferred shares are cumulative. Please round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer. Preferred Shares 2013- Type your answer here DD 4 F9 F10 P % 5 t Q38-Cumulative Dividends Homework Unanswered Due Today, 6:00 PM G B à vo ^ 6 Y H MacBook Air FO F7 N & A 7 U J 8 M I DII F8 K ( 9 ) O L ST < V { L 11 + = 21 11 } de
Transcribed Image Text:9 Fill in the Blanks Type your answers in all of the blanks and submit X₂ X Ω· Bread Pitt had two classes of shares that were both issued on January 1, 2013: Class A, $100 par value, 5% preferred shares, 100,000 shares issued and outstanding Class B, no par value common shares issued at $50 per share, 1,000,000 shares issued and outstanding. There were no dividends paid in 2013 and 2014. In 2015, dividends of $6,000,000 were paid. For 2016, dividends paid totalled $17,000,000, and for 2017 total dividends paid were $15,000,000. How much in dividends was paid to preferred and common shares in 2013 to 2017, assuming the preferred shares are cumulative. Please round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer. Preferred Shares 2013- Type your answer here DD 4 F9 F10 P % 5 t Q38-Cumulative Dividends Homework Unanswered Due Today, 6:00 PM G B à vo ^ 6 Y H MacBook Air FO F7 N & A 7 U J 8 M I DII F8 K ( 9 ) O L ST < V { L 11 + = 21 11 } de
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