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PLEASE SHOW WORK. INFO: 8% Preferred stock $50 par 6,000 shares issued Common stock $20 par...

PLEASE SHOW WORK.

INFO:

8% Preferred stock $50 par 6,000 shares issued

Common stock $20 par 35,000 shares issued

No dividends paid in the last 3 yrs

This year the company paid $500,000 in dividends

Complete table:

P/S C/S TOTAL
Non-cumulative/Non-participating
Cumulative/Non-participating
Non-cumulative/Participating
Cumulative/Participating
business   accounting   
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Answer #1

0 Non Cumulative and Non - Participating Preferrence shares Common Total Shores Current year drudend $ 24,000 $24,000 4486,006 Non - Cumulative and participating Participating dividend was determined as follows Current year dividend : Preferred 8% OfPreference Common Total shares shares Current year druidend Participating dividend $24,000 $ 126,000 $56,000 $80,000 $294,000Participating dividend Preferred Common 34.8% of (ODO X $50) 34.8% of (35,000 $20 $104,400 $243, 600 $348,000 Preference Comm

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