Required: a. Assume that Moser declared and paid cash dividends of $0 in 2015, $183,000 in 2016, and $200,000 in 2017. Compute the total cash dividends and the dividends per share paid to each class of stock in 2015, 2016, and 2017. Round the per share amount to two decimal places. Total Per Share Year Class 2015 Preferred $ 2015 Common S 2016 Preferred $ 2016 Common $ 2017 Preferred S 2017 Common S $ $ $ $ $ $
Required: a. Assume that Moser declared and paid cash dividends of $0 in 2015, $183,000 in 2016, and $200,000 in 2017. Compute the total cash dividends and the dividends per share paid to each class of stock in 2015, 2016, and 2017. Round the per share amount to two decimal places. Total Per Share Year Class 2015 Preferred $ 2015 Common S 2016 Preferred $ 2016 Common $ 2017 Preferred S 2017 Common S $ $ $ $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Analyzing and Distributing Cash Dividends to Preferred and Common Stocks
Moser Company began business on March 1, 2015. At that time, it issued 21,000 shares of $60 par value, 7% cumulative preferred stock and 100,000 shares of $5 par value
common stock. Through the end of 2017, there has been no change in the number of preferred and common shares outstanding.
Required:
a. Assume that Moser declared and paid cash dividends of $0 in 2015, $183,000 in 2016, and $200,000 in 2017. Compute the total cash dividends and the dividends per share
paid to each class of stock in 2015, 2016, and 2017.
Round the per share amount to two decimal places.
Total
Per Share
Year Class
2015 Preferred $
2015 Common $
2016 Preferred $
2016 Common $
2017 Preferred $
2017 Common $
b. Assume that Moser declared and paid cash dividends of $0 in 2015, $85,000 in 2016, and $160,000 in 2017. Compute the total cash dividends and the dividends per share
paid to each class of stock in 2015, 2016, and 2017.
Round the per share amount to two decimal places.
Total
Year Class
2015 Preferred $
2015 Common $
2016 Preferred $
2016 Common $
2017 Preferred $
2017 Common $
$
$
$
$
$
$
Check
Per Share
$
$
$
$
$
$
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