A company had the following stock outstanding: 2,500 shares of 10%, $100 par Non - Cumulative Preferred Stock; and $50,000 shares of $10 par Common Stock.
The company distributed dividends as follows: Year 1 -- 10,000; Year 2 -- $25000; Year 3 -- $60,000.
How much would the P/S and C/S receive in each of the years?
YearTotal DividendsPreferred Stock DividendCommon Stock Dividend1$10,000??2$25,000??3$60,000??
Dividends on preferred shares are paid before dividends on common shares. If the... View the full answer
- is this for Non Cumulative?
- May 03, 2018 at 12:49pm
- no for Cumulative
- May 03, 2018 at 12:52pm
- the question above was for Non Cumulative
- May 03, 2018 at 12:53pm
- yeah i did a mistake, i was working for comulative
- May 03, 2018 at 12:57pm
- Can you redo it in Non Cumulative please
- May 03, 2018 at 12:58pm