Cash Divic Kerry Company has 950 shares of S 100 par value, 12% preferred stock

Question

Cash Divic Kerry Company has 950 shares of S 100 par value, 12% preferred stock and 11,600 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonpartic Dividends were paid in 2010. Since 2010, Kerry has dedared and paid dividends as follows 2011 ating s 0 2012 25,000 2014 Required: 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each 29,900 year 2012 to 2014. If an amount is zero, enter "o". 2013 2. If the preferred stock had 2013 Check My Work /8/201

Explanation / Answer

a) Distribution of dividend :

b) Distribution of dividend :

Preferred dividend Common dividend 2012 12300 0 2013 21900 3100 2014 11400 18500

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