H&K Telecom, Inc., has the following stockholders? equity: Requirement Assume the preferred stock is cumulative. Compute the
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H&K Telecom, Inc., has the following stockholders? equity:
Requirement
Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 2018 and 2019 if total dividends are $15,000 in 2018 and $45,000 in 2019.
Transcribed Image Text:
H&K Telecom, Inc. Stockholders' Equity Paid-in Capital: Preferred Stock, 8%, $10 par, 100,000 shares authorized, 24,000 shares issued and outstanding Common Stock, $1 par, 500,000 shares authorized, 150,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 240,000 150,000 265,000 $655,000 180,000 $835,000
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