Question: Parker Flowers in Bloom Corporation has outstanding 24 500 shares of

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 preferred and common stockholders.


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  • CreatedOctober 21, 2014
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