Required information Use the following information for the Exercises below. (Algo) [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 $ 18,000 28,000 300,000 450,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 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. Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Preferred Dividend Share Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 18,000 Year 2 28,000 Year 3 300,000 Year 4 450,000 Total: $ 796,000
Required information Use the following information for the Exercises below. (Algo) [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 $ 18,000 28,000 300,000 450,000 Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 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. Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Preferred Dividend Share Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 18,000 Year 2 28,000 Year 3 300,000 Year 4 450,000 Total: $ 796,000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.1E
Related questions
Question
Hardev
![Required information
Use the following information for the Exercises below. (Algo)
[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
$ 18,000
28,000
300,000
450,000
Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2
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.
Par Value per
Preferred
Share
Dividend Rate
Dividend per Number of
Preferred Preferred
Preferred
Dividend
Share
Shares
Annual Preferred Dividend:
Dividends in
Total Cash
Dividend Paid
Paid to
Preferred
Paid to
Common
Arrears at
year-end
Year 1
$
18,000
Year 2
28,000
Year 3
300,000
Year 4
450,000
Total:
$ 796,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea428176-19fe-4527-bf14-c136e32331ab%2F61fe6597-56e1-40ef-ba55-7b66af8b4340%2Fdtb76bh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Exercises below. (Algo)
[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
$ 18,000
28,000
300,000
450,000
Exercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2
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.
Par Value per
Preferred
Share
Dividend Rate
Dividend per Number of
Preferred Preferred
Preferred
Dividend
Share
Shares
Annual Preferred Dividend:
Dividends in
Total Cash
Dividend Paid
Paid to
Preferred
Paid to
Common
Arrears at
year-end
Year 1
$
18,000
Year 2
28,000
Year 3
300,000
Year 4
450,000
Total:
$ 796,000
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