Taiwanese Company has 5,000 $1.60 cumulative preferred shares and 10,000 common shares. The following amounts were distributed

Question:

Taiwanese Company has 5,000 $1.60 cumulative preferred shares and 10,000 common shares. The following amounts were distributed as dividends:
Year 1 ....................... $15,000
Year 2 ....................... 5,000
Year 3 ....................... 62,000
Determine the of dividends.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...