ACCOUNTING 545-Rosewell Company has had 5,000 shares

by | Mar 18, 2020 | Uncategorized

  

Questions- Rosewell Company has had 5,000 shares of 9%, $100 par-value preferred stock and 10,000 shares of $10 par-value common stock outstanding for the last two years. During the most recent year, dividends paid totaled $65,000; in the prior year, dividends paid totaled $40,000.

Compute the amount of dividends that must have been paid to preferred stockholders and common stockholders in each year, given the following independent assumptions:

  • Preferred stock is fully participating and cumulative
  • Preferred stock is nonparticipating and noncumulative
  • Preferred stock participates up to 10% of its par value and is cumulative
  • Preferred stock is nonparticipating and cumulative
  

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