Duncan Corporation Has 2,000 Shares of $100 Par Value,6 Percent

question 47

Essay

Duncan Corporation has 2,000 shares of $100 par value,6 percent cumulative preferred stock and 20,000 shares of $10 par value common stock outstanding.In its first four years of operation,Duncan Corporation paid cash dividends as follows: 2010,$15,000; 2011,$0; 2012,$20,000; 2013,$25,000.Calculate the total cash dividends received by owners of preferred and common stock in each year.

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