1. During 2016-2020, IPO Corporation had the following issuances of shares outstanding for the entire period:

20,000 shares of $5.00 cumulative preferred shares 50,000 common shares issued at $10 each

Cash dividends declared by the board of directors during 2016 - 2020 were as follows:

2016. 2016: none
2017. 2017: $125,000
2018. 2018: $200,000
2019. 2019: $250,000
2020. 2020: $325,000

Required: Compute the amount of total dividends and dividends per share payable to each class of shares for 2016-2020.

Answer rating: 100% (QA)

Preferred and common shareholders Year 2016 2017 20... View the full answer