Western Communications has the following stockholders' equity on December 31 , 2018:
Paid-ln Capital:
Preferred Stock—9%, $ 9 Par Value; 150,000 shares authorized, 27,000 shares issued and outstanding 243,000
Common Stock—$2 Par Value; 575,000 shares authorized, 310,000 shares issued and outstanding 620,000
Paid-ln Capital in Excess of Par—Common
Total Paid-ln Capital 1,483,000
Retained Earnings 190,000
Total Stockholders' Equity 1,673,000
Requirement:
Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018and 2019.
Answers: 2
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Western Communications has the following stockholders' equity on December 31 , 2018:
Paid-ln Capita...
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