(XWizard101 Free c Dyx1V Hero new tab Dyxxfinty. Service E / x Coffee Shop Emp D

Question

(XWizard101 Free c Dyx1V Hero new tab Dyxxfinty. Service E / x Coffee Shop Emp Dy x now.com/ilm/takeAssignment/takeAssignmentMain.do?i take&inprogress;=false t Edgeheld Corporation has "ssued 10% partcipating, cumulative preferred stock with a total par val" of $22.000 and common stock with a total par value of $66.0 a Therefore, the prele ed shock par value is 1/4 and the common stock par value is 3/4 of the total par value. Edgefield intends to distribute cash dividends of $14.000, and there are no dividends in arrears. What is the dividend datrbution to Common

Explanation / Answer

Annual preferred dividends = 22000*10% = 2200 Remaining dividends distribution: Preferred 2950 =(14000-2200)/4 Common 8850 =(14000-2200)/4*3 Preferred Common Dividend to each class 5150 8850

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