What amount of dividends will paid to preferred shareholders

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Reference no: EM131763509

Question: Yam Corp. had the folowing stock issued and outstanding at January 1, 2014.

1. 69,000 shares of no-par common stock.

2. 10,900 shares of $70 par. 7 percent, cumulative preferred stock. (Dividends are in arrears for one year, 2013.)

On February 1 2014, Yan declared a $123,320 cash dividend to be paid March 31 to sharedholders of record on March 10.

1. What amount of dividends will be paid to the preferred shareholders versus the common shareholders?

		Distributed	to Shareholders
		Preferred	Common
Total Dividend Declared
Preferred arreaage
Current preferred dividends	_________		_______________
vailable for common Shares			_______
Distributed to common stockholders
Total		$	$

Reference no: EM131763509

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