Question: Oblinger Corporation pays dividends at the end of each year

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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