Unformatted text preview: Sept. 30 Cash Dividends Payable. ................................... 48,000 Cash. ............................................................... 48,000 Prob. 13–1A 1. Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 2003. ...................... $ 21,000 $21,000 $ 2.10 $ 0 $ 0 2004. ...................... 50,000 30,000 3.00 20,000 0.20 2005. ...................... 15,000 15,000 1.50 0 0 2006. ...................... 80,000 30,000 3.00 50,000 0.50 2007. ...................... 90,000 30,000 3.00 60,000 0.60 2008. ...................... 140,000 30,000 3.00 110,000 1.10 $15.60 $2.40 2. Average annual dividend for preferred: $2.60 per share ($15.60/6) Average annual dividend for common: $0.40 per share ($2.40/6) 3. a. 3.25% ($2.60/$80) b. 4.0% ($0.40/$10)...
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- Spring '09
- Cocharan
- Dividend, .........
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