In: Accounting
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 | $ | $ | $ |