Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Moser Company began business on March 1, 2018. At that time, it issued 20.000 shares of $60 par value, 7% cumulative preferred stock and 100.000 shares of 55 par value common stock. Through the end of 2020, there has been no change in the number of preferred and common shares outstanding Required: a. Assume that Moser declared and paid cash dividends of 50 in 2018. $183.000 in 2019, and $200,000 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 2018, 2019 and 2020. Round the per share amount to two decimal places. Total Year Class 2018 Preferred s 2018 Commons 2019 Preferred s 2019 Commons 2020 Preferred s 2020 Common s Per Share Year Class 2018 Preferred s 2018 Commons 2019 Preferred 5 2019 Common S 2020 Preferred S 2020 Common $ $ $ S $ S S b. Assume that Moser declared and paid cash dividends of 50 in 2018, 584,000 in 2019, and $150,000 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 2018, 2019, and 2020. Round the per share amount to two decimal places. Total Per Share $ S S S S S
Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Moser Company began business on March 1, 2018. At that time, it issued 20.000 shares of $60 par value, 7% cumulative preferred stock and 100.000 shares of 55 par value common stock. Through the end of 2020, there has been no change in the number of preferred and common shares outstanding Required: a. Assume that Moser declared and paid cash dividends of 50 in 2018. $183.000 in 2019, and $200,000 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 2018, 2019 and 2020. Round the per share amount to two decimal places. Total Year Class 2018 Preferred s 2018 Commons 2019 Preferred s 2019 Commons 2020 Preferred s 2020 Common s Per Share Year Class 2018 Preferred s 2018 Commons 2019 Preferred 5 2019 Common S 2020 Preferred S 2020 Common $ $ $ S $ S S b. Assume that Moser declared and paid cash dividends of 50 in 2018, 584,000 in 2019, and $150,000 in 2020. Compute the total cash dividends and the dividends per share paid to each class of stock in 2018, 2019, and 2020. Round the per share amount to two decimal places. Total Per Share $ S S S S S
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 69E:
Stock Dividends
Crystal Corporation has the following information regarding its common stock: S10...
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