Green Planet Corp. has (a) 4,000 shares of noncumulative 14% preferred stock with a $2 par...

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Green Planet Corp. has (a) 4,000 shares of noncumulative 14% preferred stock with a $2 par value and (b) 18,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. $ 610 Year 1 total cash dividends Year 2 total cash dividends $ 1,800 Noncumulative Preferred Year 1 Year 2 Common $ 0 Green Planet Corp. has (a) 4,000 shares of noncumulative 14% preferred stock with a $2 par value and (b) 18,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. $ 610 Year 1 total cash dividends Year 2 total cash dividends $ 1,800 Noncumulative Preferred Year 1 Year 2 Common $ 0

Answer rating: 100% (QA)

Preferred dividend 4000 shares x 2 x 14 1120 Total Divid... View the full answer