Homework Answers
| Annual Preferred Dividend | $ 240,000 | =200000*20*6% | |
| 2018 | Amount $ | ||
| Preferred Stock | Common Stock | Total Dividends | |
| Dividend in Arrears | 240,000 | - | 240,000 |
| Current Year (400,000 - 240,000 ) | 160,000 | - | 160,000 |
| Total | 400,000 | - | 400,000 |
| 2019 | Amount $ | ||
| Preferred Stock | Common Stock | Total Dividends | |
| Dividend in Arrears ( 240,000 - 160,000 ) | 80,000 | - | 80,000 |
| Current Year | 240,000 | 280,000* | 520,000 |
| Total | 320,000 | 280,000 | 600,000 |
* 280,000 ( 600,000 - 320,000 )
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This question is for Cumulative
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