abarron
Feb 6, 2011, 06:24 PM
Bridger Bike Corp. has declared
The following annual dividends over a six-year period ending December 31 of each
Year: 2005, $5,000; 2006, $18,000; 2007, $45,000; 2008, $45,000; 2009, $60,000; and 2010,
$67,000. During the entire period, the outstanding stock of the company was composed
Of 10,000 shares of 2% cumulative preferred stock, $100 par, and 25,000 shares of common
Stock, $1 par.
Instructions
1. Determine the total dividends and the per-share dividends declared on each class
Of stock for each of the six years.
The following annual dividends over a six-year period ending December 31 of each
Year: 2005, $5,000; 2006, $18,000; 2007, $45,000; 2008, $45,000; 2009, $60,000; and 2010,
$67,000. During the entire period, the outstanding stock of the company was composed
Of 10,000 shares of 2% cumulative preferred stock, $100 par, and 25,000 shares of common
Stock, $1 par.
Instructions
1. Determine the total dividends and the per-share dividends declared on each class
Of stock for each of the six years.