Dividend Distribution Rydon Corporation began business on March 1, 2013. At that time, it issued 20,000...

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Dividend Distribution Rydon Corporation began business on March 1, 2013. At that time, it issued 20,000 shares of $60 par val

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Answer 1

Answer #1

a) Preferred dividend = 20000*60*7% = 84000

Year	Preferred stock	Common stock	Preferred per share	Common per share
2013	0	0	0	0
2014	168000	22000	8.4	0.22
2015	84000	126000	4.2	1.26

b) Preferred dividend = 20000*60*7% = 84000

Year	Preferred stock	Common stock	Preferred per share	Common per share
2013	0	0	0	0
2014	84000	0	4.2	0
2015	168000	2000	8.4	0.02

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Answer 2

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