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Andrews Company has $80,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding. The preferred stock is selling for
Andrews Company has $80,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding. The preferred stock is selling for $125 per share, and the common stock is selling for $20 per share
c. Preferred stock is fully participating and cumulative. Preferred dividends are 1 year in arrears at the beginning of the year.
6 answers required for
Schedule of Dividends
Preferred Common
Dividends in Arrears xxxxxxx
Current Preferred Dividends xxxxxxx
Common proportional share xxxxxxx
Remainder xxxxxxx
Total xxxxxx xxxxxxx
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