B) must be Problem 2 The shareholders years of operation- 2015, 2016, and 2017,
ID: 2594356 • Letter: B
Question
B) must be Problem 2 The shareholders years of operation- 2015, 2016, and 2017, respectively. of directors of BSowC declared cash dlvidends of $ 20,00o, $ 42,000, and $ 90,000 equity of Brown Spots on The White Chair includes the items shown below. The board IS in Thousands) Common stock Paid- in capital-excess of par, common Preferred stock, 12% cumulative, nonparticipating Paid- in capital-excess of par, preferred $100 980 350 Requirement 1: shareholders in each of the Determine the amount of dividends to be paid to preferred and common three years. 2015 Requirement 2: Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years if the, Preferred stock, 12%, noncumulative, nonparticipating, non voting was issued by BSoWP Common Preferred 2015 2016 2017Explanation / Answer
Requirement 1 : Dividend distribution :
Preferred dividend per year = 350000*12% = 42000
Requirement 2 : Dividend distribution :
Preferred dividend per year = 350000*12% = 42000
Year Preferred Common 2015 20000 2016 42000 2017 64000 26000Related Questions
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