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  • Apr 11, 2010, 07:09 PM
    whartonll
    Dividends on preferred and common stock
    Canyon Corp. manfactures mountain bikes and distrbutes them through retail outlets in Colorado and Utah. Canyon Corp. has declared the following annual dividends over a six year period:1993, $30,000; 1994, $15,000; 1995, $10,000; 1996, $4,000; 1997, $50,000; and 1998, $75,000. During the entire period, the outstanding stock of the company was composed of 10,000 shares of cumulative, nonparticipating, $2 preferred stock, $50 par, and 25,000 shares of common stock, $10 par.

    Calculate the total dividens and the per-share dividens declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 1993. Summarize the data in tabular form, using the following column headings:

    Year Total Dividends Preferred Dividends Common Dividends
    Total Per Share Total Per Share

    1993 $30,000
    1994 $15,000
    1995 $10,000
    1996 $4,000
    1997 $50,000
    1998 $75,000
  • Apr 11, 2010, 07:13 PM
    whartonll
    Canyon Corp. manfactures mountain bikes and distrbutes them through retail outlets in Colorado and Utah. Canyon Corp. has declared the following annual dividends over a six year period:1993, $30,000; 1994, $15,000; 1995, $10,000; 1996, $4,000; 1997, $50,000; and 1998, $75,000. During the entire period, the outstanding stock of the company was composed of 10,000 shares of cumulative, nonparticipating, $2 preferred stock, $50 par, and 25,000 shares of common stock, $10 par.

    Calculate the total dividens and the per-share dividens declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 1993. Summarize the data in tabular form, using the following column headings:

    Year Total Dividends Preferred Dividends Common Dividends
    Total Per Share Total Per Share

    1993 $30,000
    1994 $15,000
    1995 $10,000
    1996 $4,000
    1997 $50,000
    1998 $75,000

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