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! Required information [The following information applies to the questions displayed below.] 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 80,000 shares of noncumulative 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: Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share $ Total Cash Dividend Paid S $ 18,000 28,000 5.00 $ 300,000 450,000 Dividend Rate 7.5% Paid to Preferred 18,000 $ 90,000 28,000 300,000 450,000 796,000 $ 90,000 Dividend per Preferred Share $ 0.375 Paid to Common $ 0 Number of Preferred Shares Preferred Dividend 80,000 $30,000 Dividends in Arrears at year-end

! Required information [The following information applies to the questions displayed below.] 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 80,000 shares of noncumulative 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: Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share $ Total Cash Dividend Paid S $ 18,000 28,000 5.00 $ 300,000 450,000 Dividend Rate 7.5% Paid to Preferred 18,000 $ 90,000 28,000 300,000 450,000 796,000 $ 90,000 Dividend per Preferred Share $ 0.375 Paid to Common $ 0 Number of Preferred Shares Preferred Dividend 80,000 $30,000 Dividends in Arrears at year-end

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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Required information [The following information applies to the questions displayed below.] 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 80,000 shares of noncumulative 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: 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 $ $ $ 18,000 28,000 300,000 450,000 5.00 Dividend Rate 18,000 $ 28,000 300,000 450,000 796,000 7.5% Paid to Preferred 90,000 Dividend per Preferred Share $ 0.375 Paid to Common $ 90,000 $ 0 Number of Preferred Shares Preferred Dividend 80,000 $30,000 Dividends in Arrears at year-end
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] 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 80,000 shares of noncumulative 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: 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 $ $ $ 18,000 28,000 300,000 450,000 5.00 Dividend Rate 18,000 $ 28,000 300,000 450,000 796,000 7.5% Paid to Preferred 90,000 Dividend per Preferred Share $ 0.375 Paid to Common $ 90,000 $ 0 Number of Preferred Shares Preferred Dividend 80,000 $30,000 Dividends in Arrears at year-end
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