0 Required information [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 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 190,000 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. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share $ 18,000 28,000 300,000 450,000 Total Cash Dividend Paid S Dividend Rate Paid to Preferred Dividend per Number of Preferred Share Preferred Shares Paid to Common $ 18,000 $24,000,000 28,000 300,000 450,000 796,000 $ 24,000,000 $ 0 Dividends in Arrears at year-end Preferred Dividend
0 Required information [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 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 190,000 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. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Total: Par Value per Preferred Share $ 18,000 28,000 300,000 450,000 Total Cash Dividend Paid S Dividend Rate Paid to Preferred Dividend per Number of Preferred Share Preferred Shares Paid to Common $ 18,000 $24,000,000 28,000 300,000 450,000 796,000 $ 24,000,000 $ 0 Dividends in Arrears at year-end Preferred Dividend
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 1R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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