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    EmilyM913's Avatar
    EmilyM913 Posts: 1, Reputation: 1
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    #1

    Oct 24, 2007, 12:47 PM
    Accounting for Cash Dividends
    Preferred stock, 8%, $10 par issued 20,000 shares.

    I need to comput the amount of dividends to preferred and to common for 2007 and 2008 if total dividends for 2007 is $10,000 and total dividends for 2008 is $50,000?
    stitch12's Avatar
    stitch12 Posts: 1, Reputation: 1
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    #2

    Oct 24, 2007, 03:17 PM
    company has declared anuual dividends over a six year period: 2002, 32,000; 2003,65,000; 2004, 84,000; 2005, 60,000; 2006, 72,000; 2007, 95,000. The outstanding stock of the company is 25,000 shares of cumulative, nonparticipating, $2 preferred stock, $100par, and 50,000 shares of common stock $7 par value.

    calculate total dividends and per share dividends
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