Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 18,000 Year 2 total cash dividends 28,000 Year 3 total cash dividends 300,000 Year 4 total cash dividends 450,000 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 190,000 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Year 1 Year 2 Year 3 Year 4 Totals Annual Preferred Dividend: Par Value per Preferred Share Total Cash Dividend Paid $ S 18,000 28,000 300,000 450,000 796,000 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend

Required information [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 18,000 Year 2 total cash dividends 28,000 Year 3 total cash dividends 300,000 Year 4 total cash dividends 450,000 York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 190,000 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: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Year 1 Year 2 Year 3 Year 4 Totals Annual Preferred Dividend: Par Value per Preferred Share Total Cash Dividend Paid $ S 18,000 28,000 300,000 450,000 796,000 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend

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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Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity $ 50,000 80,000 150,000 $ 280,000 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $11,500, compute the total amount paid to (a) preferred shareholders and (b) common shareholders.
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 10%, $100 par, cumulative preferred stock and 55,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $22,500 30,000 59,400 $ Total Preferred Per Share Total Common Per Share