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Determine the amount of dividends paid out

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Reference no: EM132478518

Problem 1: Cajun Company has outstanding 2,500 shares of $100 par, 6% preferred stock and 15,000 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Instructions Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per share amounts using the format shown below

Year  Paid-Out

2015 $13,000

2016 $26,000

2017 $57,000

2018 $76,000

Reference no: EM132478518

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