A company had stock outstanding as follows during each of its first three years of operations: 2,000 shares of $10,$100 par, cumulative preferred stock and 33,000 shares of $10 par common stock. the amounts distributed as dividends are presented below. determine the total and per share dividends for each class of stock for each year by completing the schedule

year1 $10,000
year2 $25,000
year3 $60,000

Answer rating: 100% (QA)

Dividends on preference shares are paid before dividend on common shares If the ... View the full answer