Question

Copperhead.com prepared the following stockholders’ equity section as of December 31, 2012.


Answer the following questions about Copperhead.com’s dividends:
1. How much in dividends must Copperhead.com declare each year before the common stockholders get any cash dividends for the year?
2. Suppose Copperhead.com declares cash dividends of $30,000 for 2012. How much of the dividends goes to preferred? How much goes to common?
3. Is Copperhead.com’s preferred stock cumulative or noncumulative? How can you tell?
4. Suppose Copperhead.com passed the preferred dividend in 2013 and 2014. In 2015, the company declares cash dividends of $18,000. How much of the dividends goes to preferred? How much goes tocommon?


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  • CreatedApril 29, 2014
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