Question

The following elements of stockholders’ equity are adapted from the balance sheet of Sullivan Corporation.


Sullivan Corporation paid no preferred dividends in 2012, but paid the designated amount of cash dividends per share to preferred shareholders in all prior years.

Requirement
1. Compute the dividends to preferred and common shareholders for 2013 if total dividends are$185,000.


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  • CreatedApril 29, 2014
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