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canyon corp manufactures moutain bikes and distributes them through retail outlets in colorado and utah. canyon corp has declared the following...
canyon corp manufactures moutain bikes and distributes them throughretail outlets in colorado and utah. canyon corp has declared thefollowing annual dividends over a six year period: 1993, $30,000;1994, $15000; 1995, $10000; 1996, $4000; 1997, $50000; and 1998,$75000. During the entire period, the outastanding stock of thecompany was composed of 10,000 shares of cumulative, nonparticipating,$2 preferred stock, %50 par, and 25,000 shares of common stock, $10par.instructionsCalculate the total dividends and the per share dividends declared oneach class of stock for each of the six years. There are no dividendsin arrers on January 1, 1993. Summarize the data in tabular for, usingthe following column headings.YEARTOTAL DIVIDENDSPREFERRED DIVIDENDS TOTALPREFERRED DIVI PER SHARECOMMON DIVIDENDS TOTALCOMMON DIV PER SHARE
