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Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 210,000 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 $ 5.00 $ 10,900 19,000 205,000 355,000 589,900 $ 10,900 19,000 205,000 355,000 Dividend Rate $ 7.0% Paid to Preferred Dividend per Preferred Share $ 0.350 Paid to Common 0 $ 0 Number of Preferred Shares Preferred Dividend 60,000 $ Dividends in Arrears at year-end 45,500

Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 210,000 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 $ 5.00 $ 10,900 19,000 205,000 355,000 589,900 $ 10,900 19,000 205,000 355,000 Dividend Rate $ 7.0% Paid to Preferred Dividend per Preferred Share $ 0.350 Paid to Common 0 $ 0 Number of Preferred Shares Preferred Dividend 60,000 $ Dividends in Arrears at year-end 45,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 210,000 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 $ 5.00 $ $ 10,900 19,000 205,000 355,000 Dividend Rate 10,900 19,000 205,000 355,000 589,900 $ 7.0% Paid to Preferred Dividend per Preferred Share $ 0.350 Paid to Common 0 $ 0 Number of Preferred Shares Preferred Dividend 60,000 $ Dividends in Arrears at year-end 45,500
Transcribed Image Text:Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 60,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 210,000 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 $ 5.00 $ $ 10,900 19,000 205,000 355,000 Dividend Rate 10,900 19,000 205,000 355,000 589,900 $ 7.0% Paid to Preferred Dividend per Preferred Share $ 0.350 Paid to Common 0 $ 0 Number of Preferred Shares Preferred Dividend 60,000 $ Dividends in Arrears at year-end 45,500
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