e I htt ow/connect .html 11 Ex 11-9 Help Save & B Required information Use the f
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e I htt ow/connect .html 11 Ex 11-9 Help Save & B Required information Use the following information for the Exercises below. applies to the questions dlisplayed below] York's outstanding stock consists of 70,000 shares of 180,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and pald the following total cash dividends: 6.0% preferred stock with a S5 par value and also total 2017 total cash dividends 2018 total cash dividends $ 9,100 19,000 295,000 445,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 s paid each year to each of the two classes of st cumulative. Also determine the total dividends paid to each class for the four years combined (Round your "Dividend per Preferred Shore" answers to 3 decimel places.)Explanation / Answer
Total 84000 684100 768100
Non Cumulative preference shares Common Stock Total 350000 180000 2015 9100 0 9100 2016 19000 0 2017 21000 274000 295000 2018 21000 424000 445000 Cumulative preference shares Common Stock Total 350000 180000 2015 9100 0 9100 2016 19000 0 19000 2017 34900 260100 295000 2018 21000 424000 445000Related Questions
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