Green Corporation has the following stock outstanding:
$\begin{array}{llr}
\text {$ 4 \% $ cumulative preferred stock, $ \$ 20 $ stated value } &\$400,000\
\text { Common stock, \$12 par } &2,400,000\
\end{array}$
During the current year, Green paid $100,000 in dividends. No dividends were paid in the two previous years.Required:Compute the total amount of dividends that was paid to each class of stock in the current year.Compute the amount of dividends per share for each class of stock

Question

Green Corporation has the following stock outstanding:
 $\begin{array}{llr}
  \text {$ 4 \% $ cumulative preferred stock, $ \$ 20 $ stated value  } &\$400,000\
 \text {  Common stock, \$12 par } &2,400,000\
\end{array}$
 During the current year, Green paid $100,000 in dividends. No dividends were paid in the two previous years.Required:Compute the total amount of dividends that was paid to each class of stock in the current year.Compute the amount of dividends per share for each class of stock

Quizplus · Accepted Answer

The Answer of Green Corporation has the following stock outstanding:
 $\begin{array}{llr}
  \text {$ 4 \% $ cumulative preferred stock, $ \$ 20 $ stated value  } &\$400,000\
 \text {  Common stock, \$12 par } &2,400,000\
\end{array}$
 During the current year, Green paid $100,000 in dividends. No dividends were paid in the two previous years.Required:Compute the total amount of dividends that was paid to each class of stock in the current year.Compute the amount of dividends per share for each class of stock

Green Corporation Has the Following Stock Outstanding During the Current Year, Green Paid $100,000 in Dividends