Kerry company has 1000 shares of 100 par value 12 preferred

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Kerry Company has 1,000 shares of $100 par value, 12% preferred stock and 11,000 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2010. Since 2010, Kerry has declared and paid dividends as follows: 2011 $ 0 2012 12,700 2013 25,900 2014 31,800 Required: 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2012 to 2014. If an amount is zero, enter "0". Year Preferred Dividends Common Dividends 2012 $ $ 2013 $ $ 2014 $ $ 2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year? Year Preferred Dividends Common Dividends 2012 $ $ 2013 $ $ 2014 $ $

Reference no: EM13588091

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