Description Year 1 Year 2 Year 3 Total Distribution $12,000 $18,000 $90,000 Preferred Stock $12,000 $18,000 $30,000 Common Stock - - $30,000 Preferred dividends in Arrears - - $30,000* Dividends Per share Preferred Stock $0.6 $0.9 $3 Common Stock - - $0.3 How were the preferred and common stock calculated?
Description Year 1 Year 2 Year 3 Total Distribution $12,000 $18,000 $90,000 Preferred Stock $12,000 $18,000 $30,000 Common Stock - - $30,000 Preferred dividends in Arrears - - $30,000* Dividends Per share Preferred Stock $0.6 $0.9 $3 Common Stock - - $0.3 How were the preferred and common stock calculated?
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.1BE
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Description | Year 1 | Year 2 | Year 3 |
Total Distribution | $12,000 | $18,000 | $90,000 |
$12,000 | $18,000 | $30,000 | |
Common Stock | - | - | $30,000 |
Preferred dividends in Arrears | - | - | $30,000* |
Dividends Per share | |||
Preferred Stock | $0.6 | $0.9 | $3 |
Common Stock | - | - | $0.3 |
How were the preferred and common stock calculated?
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