eezt.mheducation.com/hmtpx 5. 4.00 peints PB11-4 Comparing Stock and Cash Divide

Question

eezt.mheducation.com/hmtpx 5. 4.00 peints PB11-4 Comparing Stock and Cash Dividends LO 112, LO 11-3, LO 114] Carlos Company' h?d the following sock cutstanding ?nd Retained Earnrgs at December 31, 2016: Common Stock ipar $1; outstancina. 520,00 sharesi FreferredStock. 3% (par $10; outstanding, 19.300 shares, Retainad Earnings 520,000 193,000 09,000 Cae E. The red luk i umu alive, the tulal amourt f 2015 divided would be27,000 Dividend ware ''ul i' ?"ears prior to 2013 Required 1-a. Compute the amount of 2015 dividends, in total, thatwould be pble to esch clas of stockhokders i dividends wer dedared described in eacn cuse. Cum 1-b. Campue the amcunt of 2215 dividends per share payable to each cass of stackho ders ior each case. Round your answers to 2 decimal places Commen ?lype here to search

Explanation / Answer

Solution 1a:

Solution 1b:

Computation of dividend to be paid to shareholders - 2015 Class of shareholders Case A Case B Case C Preferred $15,440.00 $27,000.00 $46,320.00 Common $11,560.00 $0.00 $23,680.00 Total $27,000.00 $27,000.00 $70,000.00

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