Biology Forums - Study Force

Jane Kathryn has 30,000 shares outstanding of $10 par value, 10% preferred stock and 100,000 shares outstanding $5 par value common stock. In the first 3 years of operations, the company paid dividends in Year 1, $0; Year 2, $40,000; Year 3, $100,000. Calculate the dividend paid to preferred and common stockholders under the following independent situations:

a) Preferred is non-cumulative and nonparticipating.
Year   Preferred   Common
   1   ________   ________
   2   ________   ________
   3   ________   ________

b) Preferred is cumulative and nonparticipating.
Year   Preferred   Common
   1   ________   ________
   2   ________   ________
   3   ________   ________

c) Preferred is cumulative and participating.
Year   Preferred   Common
   1   ________   ________
   2   ________   ________
   3   ________   ________

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