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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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