Year 1 total cash dividendsYear 2 total cash dividendsYear 3 total cash dividendsYear 4 total cash dividendsYork's outstanding stock consists of 90,000 shares of cumulative 6.5% preferred stock with a $5 par value and also 100,000 shares ofcommon stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cashdividends:Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.Annual Preferred Dividend:Year 1Year 2Year 3Year 4TotalsPar Value perPreferredShareTotal CashDividend Paid$$18,10027,200255,000$ 18,10027,200255,000405,000405,000705,300Dividend RatePaid toPreferredDividend perPreferredSharePaid toCommonNumber ofPreferredSharesDividends inArrears atyear-endiPreferredDividend

Cumulative Preferred Stock :— It is one of the types of preference shares in which it is mandatory…

Answered: Year 1 total cash dividends Year 2…

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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A company's outstanding stock consists of 1,700 shares of cumulative 5% preferred stock with a $100 par value and 10,700 shares of common stock with with a $10 par value. First 3 years the corporation declared and paid the dividends . Year 1 2,700,Year 2 $6700 Year 3 $35,000. What is the amount of dividends paid to preferred and common stockholders over these 3 years ?
Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10 par value and 4,650 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 0 Year 2 $ 9,300 Year 3 $ 40,000 The amount of dividends paid to preferred and common shareholders in Year 2 is:
[The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends York's outstanding stock consists of 60,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 170,000 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 $ $ $10,700 20,500 290,000 440,000 Dividend Rate 10,700 20,500 290,000 440,000 761,200 $ Paid to Preferred Dividend per Preferred Share 0 $ Paid to Common 0 Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend
A-7
Sagar
1.Comfort Mattresses, Inc. sold 26,000 shares of its P1 par value common stock at a cash price of 12 per share. The entry to record this transaction would be? 2.Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a 10 par value and 3,000 shares of common stock with a 1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declared year 1 P 20,000 year 2 P 6,000 year 3 P 32,000 The amount of dividends paid to preferred and common shareholders in year 1 is:
Green Planet Corporation has 5,400 shares of noncumulative 13% preferred stock with a $2 par value and 21, 700 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends $ 800 Year 2 total cash dividends 2,170 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.
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Sweet Company’s outstanding stock consists of 1,700 shares of cumulative 5% preferred stock with a $100 par value and 10,700 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 2,700 Year 2 $ 6,700 Year 3 $ 35,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice $8,500 preferred; $36,400 common. $15,200 preferred; $29,700 common. $25,500 preferred; $19,400 common. $19,700 preferred; $25,200 common. $17,000 preferred; $27,900 common.
Sweet Company’s outstanding stock consists of 1,700 shares of noncumulative 4% preferred stock with a $100 par value and 11,700 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid Year 1 $ 3,700 Year 2 $ 9,400 Year 3 $ 40,500 The total amount of dividends paid to preferred and common shareholders over the three-year period is:
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