wow99
Apr 18, 2013, 12:02 PM
Common stock 5$ par 650000 shares
Preferred stock 15 percent cumulative $60 par 10000 outstanding
As of December 31, 2010, two years' dividends are in arrears on the preferred stock. During 2011, Barr plans to pay dividends that total $360,000.
1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2011.
Preferred stock 15 percent cumulative $60 par 10000 outstanding
As of December 31, 2010, two years' dividends are in arrears on the preferred stock. During 2011, Barr plans to pay dividends that total $360,000.
1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2011.