A BLEMS-SET send Distribution Rydon Corporation began business on March 1. 2013.

Question

A BLEMS-SET send Distribution Rydon Corporation began business on March 1. 2013. At that time. it is LO Div 20000 shares of $60 par value, seven percent cumulative preferred stock and 100,000 shares value common stock. Through the end of 2015, there had been no change in the number of of S5 par preferred and common shares outstanding Required 4 Assume that Rydon declared dividends of SO in 2013, $185,000 in 2014, and $200,.000 in 2015 Calculate the total dividends and the dividends per share paid to each class of stock in 2013, 2014, and 2015. à Assume that Rydon declared dividends of SO in 2013, $90,000 in 2014, and $150.000 in 201S Calculate the total dividends and the dividends per share paid to each class of stock in 201S 2014, and 2015. Eanite Tronsactions and Balance Sheet Presentation Tunic Corporation was or o

Explanation / Answer

Solution:

Calculate the total dividends and the dividends per share paid to each class of stock in 2013, 2014, and 2015:

Annual preferred dividend = 20,000 * $60 * 7% = $84,000

b. Assume that Rydon declared dividends of $0 in 2013, $90,000 in 2014, and $150,000 in 2015.

Annual preferred dividend = 20,000 * $60 * 7% = $84,000

Year Preferred stock Common stock Preferred per share Common per share 2013 0 0 0 0 2014 $168,000 $17,000 8.4 0.17 2015 $84,000 $116,000 4.2 1.16

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