Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 45

Baker Company has common and preferred stock outstanding as follows:

Dividends on preferred stock have not been paid for the last three years (in addition to the current year).f the company pays a total of $120,000 in dividends, how much will the common stockholders receive per share if the preferred stock is not cumulative How will your answer differ if the preferred stock is cumulative