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lends paid to each class for the four years combined. Year 1 total cash dividends ....... Year 2 total cash dividends .......
490 Chapter 13 Accounting for Corporations Exercise 13-11 Dividends on common and cumulative preferred stock Use the data in


Yorks outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par Exercise 13-10 value a
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SOLUTION: Par Value per Preferred Share Dividend Rate $5.00 7.50% Dividend per Preferred Share $0.375 Number of Preferred Sha

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