Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 15,000 24,200 265,000 415,000
Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 15,000 24,200 265,000 415,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![### Required Information
#### [The following information applies to the questions displayed below.]
**Total Cash Dividends for York Corporation:**
- **Year 1:** $15,000
- **Year 2:** $24,200
- **Year 3:** $265,000
- **Year 4:** $415,000
York Corporation’s outstanding stock consists of 70,000 shares of cumulative 7.5% preferred stock with a $5 par value and 120,000 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.*
### Dividend Analysis Table
| | Par Value per Preferred Share | Dividend Rate | Dividend per Preferred Share | Number of Preferred Shares | Preferred Dividend |
|-----------------|-------------------------------|---------------|-----------------------------|---------------------------|--------------------|
| **Annual Preferred Dividend:** | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| **Total Cash Dividend Paid** | | | | | |
| **Paid to Preferred** | | | | | |
| **Paid to Common** | | | | | |
| **Dividends in Arrears at Year-end** | | | | | |
| **Year 1** | $15,000 | | | | |
| **Year 2** | $24,200 | | | | |
| **Year 3** | $265,000 | | | | |
| **Year 4** | $415,000 | | | | |
| **Totals** | $719,200 | | | | |
*Explanation:*
The table presents a detailed breakdown of the annual preferred dividends for York Corporation. It includes information such as the par value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F25310e27-d02e-4900-871a-4bca6692b57f%2F12075e45-11d4-49d6-b893-a192e5ff2753%2Fhm8xqc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:### Required Information
#### [The following information applies to the questions displayed below.]
**Total Cash Dividends for York Corporation:**
- **Year 1:** $15,000
- **Year 2:** $24,200
- **Year 3:** $265,000
- **Year 4:** $415,000
York Corporation’s outstanding stock consists of 70,000 shares of cumulative 7.5% preferred stock with a $5 par value and 120,000 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.*
### Dividend Analysis Table
| | Par Value per Preferred Share | Dividend Rate | Dividend per Preferred Share | Number of Preferred Shares | Preferred Dividend |
|-----------------|-------------------------------|---------------|-----------------------------|---------------------------|--------------------|
| **Annual Preferred Dividend:** | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| **Total Cash Dividend Paid** | | | | | |
| **Paid to Preferred** | | | | | |
| **Paid to Common** | | | | | |
| **Dividends in Arrears at Year-end** | | | | | |
| **Year 1** | $15,000 | | | | |
| **Year 2** | $24,200 | | | | |
| **Year 3** | $265,000 | | | | |
| **Year 4** | $415,000 | | | | |
| **Totals** | $719,200 | | | | |
*Explanation:*
The table presents a detailed breakdown of the annual preferred dividends for York Corporation. It includes information such as the par value
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