Solution-Compute the per share dividend paid

Compute the per share dividend paid

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Russell Company has stock outstanding consisting of 100,000 shares of cumulative 3% preferred stock with a $25.00 par value and also 200,000 shares of common stock. Russell declared and paid dividends as follows: 2022: $60,000: Year 2023: $60,000: Year 2024 $160,000: Year 2025: $100,000 {1} Determine the amount of dividends paid each year to ea ch of the two classes of stock: preferred and common. ALSO (2)compute the per share dividend paid each year to each of the two classes of stock. Show the work how you came up with the answers.

Reference no: EM133205881

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Compute the per share dividend paid

Reference no: EM133205881

Reference no: EM133205881

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