45) Jane Kathryn has 30,000 shares outstanding of $10 par value, 10% preferred stock and 100,000 shares outstanding $5 par value common stock. In the first 3 years of operations, the company paid dividends in Year 1, $0; Year 2, $40,000; Year 3, $100,000. Calculate the dividend paid to preferred and common stockholders under the following independent situations:

 

a) Preferred is non-cumulative and nonparticipating.

YearPreferredCommon

1________________

2________________

3________________

 

b) Preferred is cumulative and nonparticipating.

YearPreferredCommon

1________________

2________________

3________________

 

c) Preferred is cumulative and participating.

YearPreferredCommon

1________________

2________________

3________________

46) Jane Kathryn has 15,000 shares outstanding of $15 par value, 5% preferred stock and 100,000 shares outstanding $10 par value common stock. In the first 3 years of operations, the company paid dividends in Year 1, $0; Year 2, $10,000; Year 3, $20,000. Calculate the dividend paid to preferred and common stockholders under the following independent situations:

 

a) Preferred is non-cumulative and nonparticipating.

YearPreferredCommon

              1________________

              2________________

              3________________

 

b) Preferred is cumulative and nonparticipating.

YearPreferredCommon

              1________________

              2________________

              3________________

 

 



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