Chapter 11 Ex 7

Chapter 11 Ex 7 - **$8,000 (from 2002) + $9,000 (for 2003)...

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1. Preferred dividends per year = 1,000 × $100 × 9% = $9,000 Year Preferred Dividends Common Dividends 2004 $ 0 $ 0 2005 10,000* 0 2006 17,000** 3,000 2007 9,000 16,000 *$9,000 (from 2001) + $1,000 (for 2002) = $10,000.
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Unformatted text preview: **$8,000 (from 2002) + $9,000 (for 2003) = $17,000. 2. Year Preferred Dividends Common Dividends 2004 $ $ 2005 9,000 1,000 2006 9,000 11,000 2007 9,000 16,000...
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