Number of Preferred Shares Value of Preferred Shares Total Value of Preferred Stock Dividend Rate of Preferred Stock Total Annual Dividend -- Preferred Number of Common Shares Value of Common Shares Total Value of Common Stock Big Dipper, Inc. Year 1 2 3 Mil Tan, Inc. Year 1 2 3 Total Dividends $25,000.00 $30,000.00 $35,000.00 Common Dividend Rate for Year 3 Total Dividends $50,000.00 $60,000.00 $75,000.00 Common Dividend Rate for Year 3 Big Dipper, Inc. 2,000 $100.00 10% 300,000 $2.00 Preferred Dividends Preferred Dividends Mil Tan, Inc. 10,000 $50.00 8% 200,000 $1.00 Common Dividends Common Dividends
Number of Preferred Shares Value of Preferred Shares Total Value of Preferred Stock Dividend Rate of Preferred Stock Total Annual Dividend -- Preferred Number of Common Shares Value of Common Shares Total Value of Common Stock Big Dipper, Inc. Year 1 2 3 Mil Tan, Inc. Year 1 2 3 Total Dividends $25,000.00 $30,000.00 $35,000.00 Common Dividend Rate for Year 3 Total Dividends $50,000.00 $60,000.00 $75,000.00 Common Dividend Rate for Year 3 Big Dipper, Inc. 2,000 $100.00 10% 300,000 $2.00 Preferred Dividends Preferred Dividends Mil Tan, Inc. 10,000 $50.00 8% 200,000 $1.00 Common Dividends Common Dividends
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 36CE: Preferred Stock Dividends Seashell Corporation has 25,000 shares outstanding of 8%, S10 par value,...
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Fill out the tables by calculating dividends based on the given amounts
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