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 xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 rk's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tal cash dividends: etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. ote: Round your "Dividend per Preferred Share" answer to 3 decimal places. _nnual Preferred Dividend: ear 1 ear 2 ear 3 ear 4 otal: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 13,000 22,000 250,000 400,000 $ Dividend Rate 13,000 $ 22,000 250,000 400,000 $ 685,000 Paid to Preferred $ 6.0% 13,000 22,000 24,000 59,000 Dividend per Preferred Share $ Paid to Common $ 0.300 $ 0 0 0 Number of Preferred Shares 80,000 Dividends in Arrears at year-end Preferred Dividend $ 24,000
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 xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 rk's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tal cash dividends: etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. ote: Round your "Dividend per Preferred Share" answer to 3 decimal places. _nnual Preferred Dividend: ear 1 ear 2 ear 3 ear 4 otal: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 13,000 22,000 250,000 400,000 $ Dividend Rate 13,000 $ 22,000 250,000 400,000 $ 685,000 Paid to Preferred $ 6.0% 13,000 22,000 24,000 59,000 Dividend per Preferred Share $ Paid to Common $ 0.300 $ 0 0 0 Number of Preferred Shares 80,000 Dividends in Arrears at year-end Preferred Dividend $ 24,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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
xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2
ork's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000
ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following
tal cash dividends:
etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common.
ote: Round your "Dividend per Preferred Share" answer to 3 decimal places.
nnual Preferred Dividend:
ear 1
ear 2
ear 3
ear 4
otal:
Par Value per
Preferred
Share
$
5.00
Total Cash
Dividend Paid
$ 13,000
22,000
250,000
400,000
Dividend Rate
13,000
22,000
250,000
400,000
685,000 $
$
Paid to
Preferred
6.0%
13,000
22,000
24,000
59,000
Dividend per
Preferred
Share
$
0.300
Paid to
Common
0
0
0
Number of
Preferred
Shares
80,000
Dividends in
Arrears at
year-end
Preferred
Dividend
$24,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea4585f0-7a8d-48a8-a11d-faa7a2d53844%2Faf18515e-3eb0-46bf-9813-8f95932a10c1%2Fj5r9a1_processed.png&w=3840&q=75)
Transcribed Image Text: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
xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2
ork's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000
ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following
tal cash dividends:
etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common.
ote: Round your "Dividend per Preferred Share" answer to 3 decimal places.
nnual Preferred Dividend:
ear 1
ear 2
ear 3
ear 4
otal:
Par Value per
Preferred
Share
$
5.00
Total Cash
Dividend Paid
$ 13,000
22,000
250,000
400,000
Dividend Rate
13,000
22,000
250,000
400,000
685,000 $
$
Paid to
Preferred
6.0%
13,000
22,000
24,000
59,000
Dividend per
Preferred
Share
$
0.300
Paid to
Common
0
0
0
Number of
Preferred
Shares
80,000
Dividends in
Arrears at
year-end
Preferred
Dividend
$24,000
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