FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 16
common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the follow
dividends:
Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
Annual Preferred Dividend:
Year 1
Year 2
Year 3
Year 4
Totals
Par Value per
Preferred
Share
$
Total Cash
Dividend Paid
$
5.00
$
Dividend Rate
Paid to
Preferred
19,800 $
29,500
285,000
435,000
769,300 $
Divident per
Preferred
Share
7.0% $
19,800 $
29,500
0.350
Paid to
Common
49,300 $
0
0
0
Number of
Preferred
Shares
90,000 $
Dividends in
Arrears at
year-end
0
0
Preferred
Dividend
View previ
31,500
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Transcribed Image Text:ok York's outstanding stock consists of 90,000 shares of cumulative 7.0% preferred stock with a $5 par value and also 16 common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the follow dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Annual Preferred Dividend: Year 1 Year 2 Year 3 Year 4 Totals Par Value per Preferred Share $ Total Cash Dividend Paid $ 5.00 $ Dividend Rate Paid to Preferred 19,800 $ 29,500 285,000 435,000 769,300 $ Divident per Preferred Share 7.0% $ 19,800 $ 29,500 0.350 Paid to Common 49,300 $ 0 0 0 Number of Preferred Shares 90,000 $ Dividends in Arrears at year-end 0 0 Preferred Dividend View previ 31,500
York's outstanding stock consists of 90, 000 shares of cumulative 7.0% preferred stock with a $5 par value and also 1 common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the
follo dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
expand button
Transcribed Image Text:York's outstanding stock consists of 90, 000 shares of cumulative 7.0% preferred stock with a $5 par value and also 1 common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the follo dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places.
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