Knudsen Corporation was organized on January 1, 2013. During its first year, the

Q: Knudsen Corporation was organized on January 1, 2013. During its first year, the

Allocation of Dividend allocation 2013 2014 2015 preferred stock 7000 8000 8000 common stock 0 6200 20300

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Knudsen Corporation was organized on January 1, 2013. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 109,800 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2013, $7,000; 2014, $14,200; and 2015, $28,300. A: Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and non cumulative for the following:

2013 , 2014 ,2015

Allocation to preferred stock

Allocation to common stock

Explanation / Answer

Allocation of Dividend

allocation 2013 2014 2015 preferred stock 7000 8000 8000 common stock 0 6200 20300

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Knudsen Corporation was organized on January 1, 2013. During its first year, the

Knudsen Corporation was organized on January 1, 2016. During its first year, the

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Knudsen Corporation was organized on January 1, 2013. During its first year, the

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