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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
10
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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