I don't understand this question either.   Flowers Inc.  has both common and preferred stock.  There are 55,000 shares of $3 par common stock outstanding and 1,000 shares of $18 par, 8% noncumulative preferred stock outstanding.  The company did not pay any dividends in 2018.  Distribute dividends to each class of stockholders using the following information:  Year Dividends Declared 2019 $1,500 2020 $1,000 2021 $3,300     Year Preferred Common 2019     2020     2021

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Flowers Inc.  has both common and preferred stock.  There are 55,000 shares of $3 par common stock outstanding and 1,000 shares of $18 par, 8% noncumulative preferred stock outstanding.  The company did not pay any dividends in 2018.  Distribute dividends to each class of stockholders using the following information:

 Year Dividends Declared
2019 $1,500
2020 $1,000
2021 $3,300

 

 

Year Preferred Common
2019    
2020    
2021    
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