Required Information Use the following information for the Exercises below. [The following information applies to the...

 

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Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock i cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferr Share" answers to 3 decimal places.) Annual Preferred Dividend: 2015 2016 2017 2018 Totals Par Value per Preferred Share $ 10,700 20,500 290,000 440,000 Total Cash Dividend Paid S S 10,700 20,500 290,000 440,000 761,200 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends Exercise 11-9 Dividends on common and cumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock i cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferr Share" answers to 3 decimal places.) Annual Preferred Dividend: 2015 2016 2017 2018 Totals Par Value per Preferred Share $ 10,700 20,500 290,000 440,000 Total Cash Dividend Paid S S 10,700 20,500 290,000 440,000 761,200 Dividend Rate Paid to Preferred Dividend per Preferred Share Paid to Common Number of Preferred Shares Dividends in Arrears at year-end Preferred Dividend

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