Dividends Keener Company has had 1,200 shares of 8%, $100 par preferred stock and 36,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $8,400, $30,600, and $31,800 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank 663533fdff8c051_1 $fill in the blank 663533fdff8c051_2 $fill in the blank 663533fdff8c051_3 Year 2 $fill in the blank 663533fdff8c051_4 $fill in the blank 663533fdff8c051_5 $fill in the blank 663533fdff8c051_6 Year 3 $fill in the blank 663533fdff8c051_7 $fill in the blank 663533fdff8c051_8 $fill in the blank 663533fdff8c051_9 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank df8c75fe504b054_1 $fill in the blank df8c75fe504b054_2 $fill in the blank df8c75fe504b054_3 Year 2 $fill in the blank df8c75fe504b054_4 $fill in the blank df8c75fe504b054_5 $fill in the blank df8c75fe504b054_6 Year 3 $fill in the blank df8c75fe504b054_7 $fill in the blank df8c75fe504b054_8 $fill in the blank df8c75fe504b054_9 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank 2e9eae06ef8f05a_1 $fill in the blank 2e9eae06ef8f05a_2 $fill in the blank 2e9eae06ef8f05a_3 Year 2 $fill in the blank 2e9eae06ef8f05a_4 $fill in the blank 2e9eae06ef8f05a_5 $fill in the blank 2e9eae06ef8f05a_6 Year 3 $fill in the blank 2e9eae06ef8f05a_7 $fill in the blank 2e9eae06ef8f05a_8 $fill in the blank 2e9eae06ef8f05a_9
Dividends Keener Company has had 1,200 shares of 8%, $100 par preferred stock and 36,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $8,400, $30,600, and $31,800 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank 663533fdff8c051_1 $fill in the blank 663533fdff8c051_2 $fill in the blank 663533fdff8c051_3 Year 2 $fill in the blank 663533fdff8c051_4 $fill in the blank 663533fdff8c051_5 $fill in the blank 663533fdff8c051_6 Year 3 $fill in the blank 663533fdff8c051_7 $fill in the blank 663533fdff8c051_8 $fill in the blank 663533fdff8c051_9 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank df8c75fe504b054_1 $fill in the blank df8c75fe504b054_2 $fill in the blank df8c75fe504b054_3 Year 2 $fill in the blank df8c75fe504b054_4 $fill in the blank df8c75fe504b054_5 $fill in the blank df8c75fe504b054_6 Year 3 $fill in the blank df8c75fe504b054_7 $fill in the blank df8c75fe504b054_8 $fill in the blank df8c75fe504b054_9 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank 2e9eae06ef8f05a_1 $fill in the blank 2e9eae06ef8f05a_2 $fill in the blank 2e9eae06ef8f05a_3 Year 2 $fill in the blank 2e9eae06ef8f05a_4 $fill in the blank 2e9eae06ef8f05a_5 $fill in the blank 2e9eae06ef8f05a_6 Year 3 $fill in the blank 2e9eae06ef8f05a_7 $fill in the blank 2e9eae06ef8f05a_8 $fill in the blank 2e9eae06ef8f05a_9
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 3SEA
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Dividends
Keener Company has had 1,200 shares of 8%, $100 par preferred stock and 36,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $8,400, $30,600, and $31,800 for each year, respectively.
Required:
Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions:
If an amount is zero, enter "0".1. Preferred stock is nonparticipating and noncumulative.Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank 663533fdff8c051_1 $fill in the blank 663533fdff8c051_2 $fill in the blank 663533fdff8c051_3 Year 2 $fill in the blank 663533fdff8c051_4 $fill in the blank 663533fdff8c051_5 $fill in the blank 663533fdff8c051_6 Year 3 $fill in the blank 663533fdff8c051_7 $fill in the blank 663533fdff8c051_8 $fill in the blank 663533fdff8c051_9 2. Preferred stock is nonparticipating and cumulative.Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank df8c75fe504b054_1 $fill in the blank df8c75fe504b054_2 $fill in the blank df8c75fe504b054_3 Year 2 $fill in the blank df8c75fe504b054_4 $fill in the blank df8c75fe504b054_5 $fill in the blank df8c75fe504b054_6 Year 3 $fill in the blank df8c75fe504b054_7 $fill in the blank df8c75fe504b054_8 $fill in the blank df8c75fe504b054_9 3. Preferred stock is fully participating and cumulative.Keener Company Schedule of Dividends Preferred Common Total Year 1 $fill in the blank 2e9eae06ef8f05a_1 $fill in the blank 2e9eae06ef8f05a_2 $fill in the blank 2e9eae06ef8f05a_3 Year 2 $fill in the blank 2e9eae06ef8f05a_4 $fill in the blank 2e9eae06ef8f05a_5 $fill in the blank 2e9eae06ef8f05a_6 Year 3 $fill in the blank 2e9eae06ef8f05a_7 $fill in the blank 2e9eae06ef8f05a_8 $fill in the blank 2e9eae06ef8f05a_9
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