Determine the amount of dividends paid each year to each of

Reference no: EM13394472

York's outstanding stock consists of 57,000 shares of cumulative 9.00% preferred stock with a $10 par value and also 142,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.


2013	$	41,000
2014		44,925
2015		93,800
2016		136,300

Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined.

Reference no: EM13394472

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