3. Duncan Corporation has 2,000 shares of $100 par value 6% preferred stock and 20,000 shares...

 

 

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3. Duncan Corporation has 2,000 shares of $100 par value 6% preferred stock and 20,000 shares of $10 par value common stock outstanding. In its first four years of operation, it has paid the following dividends: 2020 $15,000 2021 $0 2022 2023 $20,000 $25,000 Using the above information distribute the dividends for cumulative and non-cumulative preferred stock. 4. Paloma Corporation has 5,000 shares of $100 par value 9% preferred stock and 30,000 shares of $10 par value common stock outstanding. In its first four years of operation, it has paid the following dividends: 2020 2021 $0 $80,000 2022 $220,000 2023 $270,000 Using the above information distribute the dividends for cumulative and non-cumulative preferred stock. 3. Duncan Corporation has 2,000 shares of $100 par value 6% preferred stock and 20,000 shares of $10 par value common stock outstanding. In its first four years of operation, it has paid the following dividends: 2020 $15,000 2021 $0 2022 2023 $20,000 $25,000 Using the above information distribute the dividends for cumulative and non-cumulative preferred stock. 4. Paloma Corporation has 5,000 shares of $100 par value 9% preferred stock and 30,000 shares of $10 par value common stock outstanding. In its first four years of operation, it has paid the following dividends: 2020 2021 $0 $80,000 2022 $220,000 2023 $270,000 Using the above information distribute the dividends for cumulative and non-cumulative preferred stock.