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Dividend distribution-ryan corporation

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Problem: Dividend Distribution: Ryan Corporation began business on March 1, 2016. At that time. it issues 20,000 shares of $60 par value, seven percent cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of 2018, there had been no change in the number of preferred and common shares outstanding.

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Question 1: Assume that Ryan declared dividends of $0 in 2016, $195,000 in 2017, and $200,000 in 2018. Calculate the total dividends and the dividends per share paid to each class of stock in 2016, 2017, and 2018.

Question 2: Assume that Ryan declared dividends of $0 in 2016, $90,000 in 2017, and 190,000 in 2018. Calculate the total dividends and the dividends per share paid to each class of stock in 2016, 2017, and 2018.

Reference no: EM132418990

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