Given that April has 2,800 of $100 par 8% cumulative, nonparticipating preferred stock and 14,500 shares of $25 par value common stock, what would be the total dividends paid each year to holders of common and preferred?

/in /by

Market Corporation began its business on Jan 1, 2012. It sold @
$31 per share 6,100 shares of no-par common stock with a stated
value of $24 per share. The charter of Market indicated 38,000
shares were authorized. Retained Earnings were $59,000 on Dec 31.
Prepare the stockholders’ equity section for Market on Dec 31,
2012.

2. April Corporation in its first 3 years of operation paid out the
following dividends:
* Year 1: 0
* Year 2: 27,000
*Year 3: 94,000
Given that April has 2,800 of $100 par 8% cumulative,
nonparticipating preferred stock and 14,500 shares of $25 par value
common stock, what would be the total dividends paid each year to
holders of common and preferred?

 

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