https:// connect.html Help Save & Exit 1 2816 total cash dividends 2017 total ca

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https:// connect.html Help Save & Exit 1 2816 total cash dividends 2017 total cash dividends 27,788 230,060 380,000 Exercise 11-8 Dividends on common and noncumulative preferred stock etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and the total dividends paid to each class for the four years combined. (Round ). Also your "Dividend per Preferred Share" answers to 3 decimal Preferred Dividend Rate Preferred Preferred Share s Total Cash Annual Preferred Dividend: 0.00 85.000 Paid to Paid to Arrears at 2015 2016 2017 2018 Total: 230,000 5 656 800$46.800 S

Explanation / Answer

0

0

$29750

230000- $29750

=200250

  380000- 29750

=350250

Note:- Non Cumulative preferred stock's dividend does not get accumulated (for next year) if it is not paid during the year, but it is paid before paying to common stockholders if any dividend is paid in near future

par value per preferred share Dividend rate Dividend per preferred share number of preferred shares preferred dividend Annual Preferred Dividend $5 7.0% $0.350 85000 shares $29750 Total cash Dividend paid Paid to preferred paid to common Dividend in Arrears at year-end 2015 19100 19100 0

0

2016 27700 27700 0   

0

2017 230000

$29750

230000- $29750

=200250

0 2018 380000 $29750

  380000- 29750

=350250

0 Total $656800 $106300 $550500 $0

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