Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

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Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. P

Year 2 96,000 96,000 Year 3 152,000 Year 4 176,000 lllll Year 5 232,000 Year 6 288,000 2. Determine the average annual divide

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Answer 1

Answer #1

A B с D E F 1 Preferred Dividends Common Dividends Total 2 Year Dividends Total Per Share Total Per Share 3 Year 1 $ 32,000$

A 1 2 Year 3 Year 1 4 Year 2 B с D E F Preferred Dividends Common Dividends Total Dividends Total Per Share Total Per Share 3

Note: Preferred dividend = 40,000*$100*2% = $80,000 Arrears in Year 1 = $80,000 - $32,000 = $48,000 Arrears in Year 2 = $80,0

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Answer 2

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