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A company had the following stock outstanding: 2,500 shares of 10%, $100 par Non - Cumulative Preferred Stock; and $50,000 shares of $10 par Common...
A company had the following stock outstanding: 2,500 shares of 10%, $100 par Non - Cumulative Preferred Stock; and $50,000 shares of $10 par Common Stock. The company distributed dividends as follows: Year 1 -- 10,000; Year 2 -- $25000; Year 3 -- $60,000.
How much would the P/S and C/S receive in each of the years?
Year Total Dividends Preferred Stock Dividend Common Stock Dividend 1 $10,000 ? ? 2 $25,000 ? ? 3 $60,000 ? ?