Dividends Keener Company has had 700 shares of 9%, $100 par preferred stock and 46,000 shares...

Dividends

Keener Company has had 700 shares of 9%, $100 par preferred stock and 46,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $5,200, $33,800, and $38,100 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	$	$	$
Year 2	$	$	$
Year 3	$	$	$

2. Preferred stock is nonparticipating and cumulative.

Keener Company
Schedule of Dividends

	Preferred	Common	Total
Year 1	$	$	$
Year 2	$	$	$
Year 3	$	$	$

3. Preferred stock is fully participating and cumulative.

Keener Company
Schedule of Dividends

	Preferred	Common	Total
Year 1	$	$	$
Year 2	$	$	$
Year 3	$	$	$

Expert Solution

ekkarill92 answered 2 years ago

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