Question

The outstanding share capital of Yongsheng Inc. includes 47,000 shares of $9.60 cumulative preferred and 82,000 common shares, all issued during the first year of operations. During its first four years of operations, the corporation declared and paid the following amounts in dividends:
Year.............Total Dividends Declared
2014........................................................ $ -0-
2015........................................................ 480,000
2016........................................................ 1,008,000
2017........................................................ 480,000

Determine the total dividends paid in each year to each class of shareholders. Also determine the total dividends paid to each class over the four years.



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  • CreatedJanuary 08, 2015
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