Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 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. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ $ 19,800 29,500 285,000 435,000 Dividend Rate 19,800 29,500 285,000 435,000 769,300 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares + Dividends in Arrears at year-end Preferred Dividend
Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 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. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share Total Cash Dividend Paid $ $ $ 19,800 29,500 285,000 435,000 Dividend Rate 19,800 29,500 285,000 435,000 769,300 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares + Dividends in Arrears at year-end Preferred Dividend
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Year 1 total cash dividends
Year 2 total cash dividends
Year 3 total cash dividends
Year 4 total cash dividends
Exercise 13-12 (Algo) Dividends on common and cumulative preferred LO C2
York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 160,000 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.
Annual Preferred Dividend:
Year 1
Year 2
Year 3
Year 4
Totals
Par Value per
Preferred
Share
Total Cash
Dividend Paid
$
$
$ 19,800
29,500
285,000
435,000
Dividend Rate
19,800
29,500
285,000
435,000
769,300 $
Paid to
Preferred
Dividend per
Preferred
Share
0 $
Paid to
Common
0
Number of
Preferred
Shares
+
Dividends in
Arrears at
year-end
Preferred
Dividend
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