Nrtons outstanding stock consists of a 13000 shares of

Reference no: EM13599747

Norton's outstanding stock consists of (a) 13,000 shares of noncumulative 8% preferred stock with a $10 par value and (b) 32,500 shares of common stock with a $1 par value. During it's first four years of operation, the corporation declared and paid the following total cash dividends.

2009..........$8000
2010..........$24,000
2011..........$120,000
1012..........$197,000

(i) Determine the amount of dividends paid each year to each of the two classes of stockholders. also, compute the total dividends paid to each class for the 4 years combined.

(ii) Use the data above to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined.

Reference no: EM13599747

Questions Cloud

Direct materials and direct labor budgets 8-13 the : direct materials and direct labor budgets 8-13 the production department of hareston company has submitted the

During 2012 h had earnings from self-employment of 50000 : during 2012 h had earnings from self-employment of 50000 and wages of 78000 from employer x. employer x withheld and

Fixed manufacturing costs were 75000 pontiac transfers : pontiac companys division y had the following historical accounting data per unit based on 6000 units per period direct

Isaac company has estimated the following costs for this : isaac company has estimated the following costs for this year for 240000 units manufacturing selling and administrative

Nrtons outstanding stock consists of a 13000 shares of : nortons outstanding stock consists of a 13000 shares of noncumulative 8 preferred stock with a 10 par value and b 32500

What is the markup on variable costs needed to break : faulkner corporation has the following budgeted costs for 20000 units variable costs fixed costs manufacturing 250000

Inventories the costs of feature films and television : inventories. the costs of feature films and television programs including production advances to independent producers

Pauws pots is considering the production of a new line of : pauws pots is considering the production of a new line of pottery. based on preliminary market research management has

Tops ltd has decided to use the revaluation model for its : tops ltd. has decided to use the revaluation model for its factory building and the cost model for its manufacturing

User Account

All Pages