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Calculating Preferred Stock Dividends
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I have accounting problem that I am stuck on. Would appreciate anybody's help! The problem reads: Sunland Company had net income of $250,000 during the year. There were 200,000 common shares outstanding during the year. There were 1,000 shares of $100 par value, 8% preferred stock outstanding...
Dividends on preferred and common stock
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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...
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