Question

Oblinger Corporation pays dividends at the end of each year. The dividends that it paid for 2009, 2010, and 2011 were $40,000, $30,000, and $90,000, respectively. Calculate the total amount of dividends Oblinger paid in each of these years to its common and preferred stockholders under both of the following capital structures:
(1) 10,000 shares of $100 par, 6 percent noncumulative preferred stock and 30,000 shares of $10 par common stock
(2) 5,000 shares of $100 par, 7 percent cumulative preferred stock and 30,000 shares of $10 par common stock. Oblinger had no dividends in arrears at the beginning of 2009.



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  • CreatedSeptember 10, 2014
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