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 $ 17,700 26,000 215,000 365,000 Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 70,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 230,000 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: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 17,700 Year 2 9 26,000 Year 3 215,000 Year 4 365,000 Totals $ 623,700 $ 0 $ 0
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 $ 17,700 26,000 215,000 365,000 Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 70,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 230,000 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: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 17,700 Year 2 9 26,000 Year 3 215,000 Year 4 365,000 Totals $ 623,700 $ 0 $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
![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
$ 17,700
26,000
215,000
365,000
Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2
York's outstanding stock consists of 70,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 230,000 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:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
Par Value per
Preferred
Share
Dividend Rate
Dividend per
Preferred
Share
Number of
Preferred
Preferred
Dividend
Shares
Annual Preferred Dividend:
Dividends in
Total Cash
Dividend Paid
Paid to
Preferred
Paid to
Common
Arrears at
year-end
Year 1
$ 17,700
Year 2
9
26,000
Year 3
215,000
Year 4
365,000
Totals
$
623,700 $
0 $
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbce6d234-ae42-43fd-b661-96eb2cd15d9c%2Fc20d1764-75f4-4235-b2b7-54c7fb369948%2Fewv5kke_processed.jpeg&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
$ 17,700
26,000
215,000
365,000
Exercise 11-12 (Algo) Dividends on common and cumulative preferred LO C2
York's outstanding stock consists of 70,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 230,000 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:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
Par Value per
Preferred
Share
Dividend Rate
Dividend per
Preferred
Share
Number of
Preferred
Preferred
Dividend
Shares
Annual Preferred Dividend:
Dividends in
Total Cash
Dividend Paid
Paid to
Preferred
Paid to
Common
Arrears at
year-end
Year 1
$ 17,700
Year 2
9
26,000
Year 3
215,000
Year 4
365,000
Totals
$
623,700 $
0 $
0
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