Science Co. has 10,000 shares of 6% $100 par value, accumulative preferred stock outstanding. Each $100 share pays a @6 dividend (.06X $100). The annual dividend is $60,000 (10,000 x $6 per share). If dividends have not been paid in two years, and the company pays a total dividend (to all stockholders)of $500,000 in the third  year, common stockholders are entitled to receive.

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Q: Illustration: Scientific Leasing has 5,000 shares of 7%, $100 par value, cumulative preferred stock…

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Q: Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%, $100 par value…

A: Annual preferred dividend = 12,000*$100*7% Annual preferred dividend = $84,000

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A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

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A:

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A: Number of shares outstanding = 64,000 sharesMarket price = $80.73Dividend percentage = 14.4%

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A: Formula: Preferred dividend = Preferred shares x Preferred rate x PAR value

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Q: Gladstone Company issues 114,000 shares of preferred stock for $38 a share. The stock has fixed…

A: Solution..   Number of preferred shares = 114,000  Par value per share = $9  Rate of dividend = 9%