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Category > Accounting Posted 18 Jun 2017 My Price 4.00

The stockholders’ equity section of the XYZ Corporation’s balance sheet shows these balances

The stockholders’ equity section of the XYZ Corporation’s balance sheet shows these balances in the capital stock accounts: Preferred Stock 5% $100 par cumulative $100,000. Common Stock $1 Par $ 1,000,000. The board of directors made the following dividend declarations and payments: 2013 $ 0 2014 $120,000 2015 $200,000 Required: Prepare a schedule showing the distribution of the dividends between preferred and common stockholders for all three years. Also indicate the dividend per share as well.

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Alpha Geek
(8)
Status NEW Posted 18 Jun 2017 06:06 AM My Price 4.00

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Attachments

file 1497767252-596999_1_sol.xlsx preview (96 words )
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