SXC reported income during four successive years as follows: $1,000, $2,000, $3,000, and $11,000.The share capital outstanding consisted of 3,000 common shares issued at $20 each, and 5,000, $.50 preferred shares issued at $10 each.(Matching common dividend, if applicable, $1).If income in full were declared as dividends each year, determine the amount that would be paid on each class of shares for each of the four years assuming: (d)Preferred is cumulative and 1 $ ____ $ ____

Question

SXC reported income during four successive years as follows: $1,000, $2,000, $3,000, and $11,000.The share capital outstanding consisted of 3,000 common shares issued at $20 each, and 5,000, $.50 preferred shares issued at $10 each.(Matching common dividend, if applicable, $1).If income in full were declared as dividends each year, determine the amount that would be paid on each class of shares for each of the four years assuming:  (d)Preferred is cumulative and 1 $ ____ $ ____

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The Answer of SXC reported income during four successive years as follows: $1,000, $2,000, $3,000, and $11,000.The share capital outstanding consisted of 3,000 common shares issued at $20 each, and 5,000, $.50 preferred shares issued at $10 each.(Matching common dividend, if applicable, $1).If income in full were declared as dividends each year, determine the amount that would be paid on each class of shares for each of the four years assuming:  (d)Preferred is cumulative and 1 $ ____ $ ____

SXC Reported Income During Four Successive Years as Follows: $1,000