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##### ACC- Exercise 13-9 Dividends on common and cumulative preferred stock

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Question;Exercise 13-9 Dividends on common and cumulative preferred stock L.O. C2Wade?s outstanding stock consists of 52,000 shares of cumulative 9.50% preferred stock with a \$10 par value and also 130,000 shares of common stock with a \$1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.2011 \$ 40,0002012 43,0252013 91,9002014 134,400Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "\$" sign in your response.)Preferred Common2011 \$ \$2012 \$ \$2013 \$ \$2014 \$ \$Determine the total dividends paid to each class for the four years combined. (Omit the "\$" sign in your response.)Preferred CommonTotal dividends for four years \$ \$

Paper#44117 | Written in 18-Jul-2015

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