Homework Answers
Solution:
| a | b | ||||
| Year | Dividend Paid | Non cumulative Preferred | Common | Cumulative Preferred | Common |
| 1 | $15,000.00 | $15,000.00 | $0.00 | $15,000.00 | $0.00 |
| 2 | $12,000.00 | $12,000.00 | $0.00 | $12,000.00 | $0.00 |
| 3 | $27,000.00 | $15,000.00 | $12,000.00 | $18,000.00 | $9,000.00 |
| 4 | $35,000.00 | $15,000.00 | $20,000.00 | $15,000.00 | $20,000.00 |
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Allocate dividends between preferred and common shares. (LO2) AP P13-3B At the beginning of its first...
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