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.

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For Preferred Stock simply take the par value times the number of shares issued and outstanding times the percentage rate times 3 years to get your answer.