Total par value of the outstanding shares of preferred stock is $425,600 and total par value...

 

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Total par value of the outstanding shares of preferred stock is $425,600 and total par value of the outstanding shares of common stock is $182,400. Required: a) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Nonparticipating Preferred Stock, total dividends declared of $52,000, and no dividends in arrears. Show ALL calculations. b) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Nonparticipating Preferred Stock, total dividends declared of $52,000, and one year of dividends in arrears. Show ALL calculations. c) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Participating to 6% Preferred Stock, total dividends declared of $52,000, and no dividends in arrears. Show ALL calculations. d) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Participating to 6% Preferred Stock, total dividends declared of $34,000, and no dividends in arrears. Show ALL calculations. e) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Fully Participating Preferred Stock, total dividends declared of $52,000, and one year of dividends in arrears. Show ALL calculations. f) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Fully Participating Preferred Stock, total dividends declared of $34,000, and one year of dividends in arrears. Show ALL calculations. Total par value of the outstanding shares of preferred stock is $425,600 and total par value of the outstanding shares of common stock is $182,400. Required: a) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Nonparticipating Preferred Stock, total dividends declared of $52,000, and no dividends in arrears. Show ALL calculations. b) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Nonparticipating Preferred Stock, total dividends declared of $52,000, and one year of dividends in arrears. Show ALL calculations. c) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Participating to 6% Preferred Stock, total dividends declared of $52,000, and no dividends in arrears. Show ALL calculations. d) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Participating to 6% Preferred Stock, total dividends declared of $34,000, and no dividends in arrears. Show ALL calculations. e) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Fully Participating Preferred Stock, total dividends declared of $52,000, and one year of dividends in arrears. Show ALL calculations. f) Determine the dividend allocation among the preferred and common shareholders assuming the following: Cumulative 5% Fully Participating Preferred Stock, total dividends declared of $34,000, and one year of dividends in arrears. Show ALL calculations.

Answer rating: 100% (QA)

a Dividends will be allocated as follows 52000 5 2600 to preferred shareholders and 52000 95 49400 t... View the full answer