Year 1 total cash dividends $ 9,100 Year 2 total cash dividends 19,000 Year 3 total cash dividends 295,000 Year 4 total cash dividends 445,000 York’s outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) 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 $9,100 Year 2 19,000 Year 3 295,000 Year 4 445,000 Total: $768,100
Year 1 total cash dividends $ 9,100 Year 2 total cash dividends 19,000 Year 3 total cash dividends 295,000 Year 4 total cash dividends 445,000 York’s outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) 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 $9,100 Year 2 19,000 Year 3 295,000 Year 4 445,000 Total: $768,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| Year 1 total cash dividends | $ 9,100 |
|---|---|
| Year 2 total cash dividends | 19,000 |
| Year 3 total cash dividends | 295,000 |
| Year 4 total cash dividends | 445,000 |
York’s outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 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:
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per
|
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