Anderson Company paid dividends at the end of each year as follows: 2009, $150,000; 2010, $240,000; and

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Anderson Company paid dividends at the end of each year as follows: 2009, $150,000; 2010, $240,000; and 2011, $560,000. Determine the amount of dividends per share paid on common and preferred stock for each year, assuming independent capital structures as follows:

(a) 300,000 shares of no-par common; 10,000 shares of $100 par, 9% noncumulative preferred.

(b) 250,000 shares of no-par common; 20,000 shares of $100 par, 9% noncumulative preferred.

(c) 250,000 shares of no-par common; 20,000 shares of $100 par, 9% cumulative preferred.

(d) 250,000 shares of $1 par common; 30,000 shares of $100 par, 9% cumulative preferred.


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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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