Parker Flowers in Bloom Corporation has outstanding 24,500 shares of $ 10 par, 4 percent cumulative preferred stock, and 78,500 shares of $ 2 par value common stock The corporation declares and pays dividends as follows Year 1 $ 8,000 Year 2 $ 0 Year 3 $ 30,000 Determine the dividends paid to prefe...

DIVIDENDS PAID DIVIDENDS DIVIDENDS YEAR PREFERRED COMMON DECLARE ...

Parker Flowers in Bloom Corporation has outstanding 24,500 shares of $ 10 par, 4 percent cumulative preferred

Question:

Parker Flowers in Bloom has outstanding 24,500 shares of $ 10 par, 4 percent cumulative preferred stock, and 78,500 shares of $ 2 common stock. The declares and pays dividends as follows:
Year 1: ........ $ 8,000;
Year 2: ........ $ 0;
Year 3: ........ $ 30,000.
Determine the dividends paid to preferred and common stockholders.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...