Reference no: EM132915265

Problem - Computing dividends payable - Zale Corporation has outstanding 100,000 shares of 15 percent, $80 par-value cumulative preferred stock and 400,000 shares of no-par-value common stock.

1. During 2013, the corporation paid dividends of $900,000. What amount will be paid on each share of preferred stock? What amount will be paid on each share of common stock?

2. During 2014, the corporation distributed dividends of $1,800,000. What amount will be paid on each share of preferred stock? What amount will be paid on each share of common stock?