PART B

Application Problem 11-7A a-b (Part Level Submission) Holt Company paid out cash dividends at the end of each year as follows: Dividends Year 2018 $245,000 2019 $336,000 2020 $393,000 (a) Your answer is correct. Assume that Holt had 260,000 common shares and 9,000, $7, non-cumulative preferred shares. How much cash would be paid out in 2018, 2019, and 2020 to each class of shares? Preferred Year Total Common 182000 63000 245000 $1 $ 2018 273000 63000 336000 2019 $ 63000 330000 393000 2020 $ SHOW ANSWER LINK OXT Attempts: 1 of 3 used (b) Assume that Holt had 90,000 common shares, and 5,000, $4, cumulative preferred shares that were three years in arrears as at January 1, 2018. How much cash would be paid out in 2018, 2019, and 2020 to each class of shares? Preferred Total Year Common 2018 $ 2019 2020 $ LINK TO TEXT Attempts: 0 of 3 used SUBMIT ANSWER SAVE FOR LATER