Weaver Corporation has the following stock outstanding. Common Stock, $50 par va

Question

Weaver Corporation has the following stock outstanding. Common Stock, $50 par value, 6,000 shares outstanding Preferred Stock, 6%, $ 100 par value, 1,000 shares outstanding REQUIRED: Compute the amount of dividends to be paid in total and per share to the common and preferred stockholders, respectively, for each of thelollowing separate cases. Show supporting computations. The preferred stock is noncumulati ve and nonparticipating. The company has not paid dividends for the current year or the prior year. A total of $21,000 in dividends were paid. The preferred stock is cumulative and nonparticipating. The company has not paid dividends for the current year or the previous two years. A total of $40,500 in dividends were paid. The preferred stock is noncumulative and fully participating. The company has not paid dividends for the current year or the prior year. A total of $32,000 in dividends were paid. The preferred stock is cumulative and partially participating up to an additional 5%. The company has not paid dividends for the current year or the previous two years. A total of $56,000 in dividends were paid.

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