Sweet Company's outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid $ 3,200 $ 7,200 $38,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $14,400 preferred; $34,000 common. $12,000 preferred; $36,400 common. $4,800 preferred; $43,600 common. $12,800 preferred; $35,600 common.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sweet Company's outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During the first three years of operation,
the corporation declared and paid the following total cash dividends.
Dividends
Declared &
Paid
$ 3,200
$ 7,200
$38,000
Year 1
Year 2
Year 3
The total amount of dividends paid to preferred and common shareholders over the three-year period is:
Multiple Choice
$14,400 preferred; $34,000 common.
$12,000 preferred; $36,400 common.
$4,800 preferred; $43,600 common.
$12,800 preferred; $35,600 common.
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Transcribed Image Text:Check my wo Sweet Company's outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid $ 3,200 $ 7,200 $38,000 Year 1 Year 2 Year 3 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $14,400 preferred; $34,000 common. $12,000 preferred; $36,400 common. $4,800 preferred; $43,600 common. $12,800 preferred; $35,600 common. < Prev. 16 of 17 Score answer >
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