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

FINANCIAL ACCOUNTING
10th Edition
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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### 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
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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