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    moonkhan's Avatar
    moonkhan Posts: 32, Reputation: 1
    Junior Member
    		  
    #1

    Jan 19, 2009, 09:27 AM
    Dividends on Common and prefferedstock
    :confused::confused::confused:Exercise 13-9: Dividends on common and cumulative preferred stock L.O. P4

    York's outstanding stock consists of (a) 46,000 shares of cumulative 6.5% preferred stock with a $5 par value and (b) 115,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following cash dividends:



    2006
    $
    12,000

    2007

    11,000

    2008

    42,000

    2009

    70,000


    Requirement 1:

    Determine the amount of dividends paid each year to each of the two classes of stockholders
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jan 19, 2009, 09:28 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help
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