Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 5.00

Stockholders’ equity of STIX Company

Stockholders’ equity of STIX Company consists of 75,000 shares of $5 par value, 8% cumulative preferred stock and 200,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company’s inception. STIX did not declare any dividends in the prior year, but it now declares and pays a $108,000 cash dividend at the current year-end.

 

Find:

dividend per preferred share

preferred dividend per year

total cash dividend

to preferred shareholders

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 12:07 PM My Price 5.00

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