Dividends Keener Company has had 1,000 shares of 7%, $100 par preferred stock and 40,000...
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Dividends Keener Company has had 1,000 shares of 7%, $100 par preferred stock and 40,000 shares of $5 stated-value common stock outstanding for the last 3 years. During that period, dividends paid totaled $6,000, $28,000, and $30,000 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "O". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Total Preferred Common Year 1 $ 6,000 $ $ $ Year 2 $ $ Year 3 $ $ $ 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Total Preferred Common Year 1 $ 6,000 $ $ Year 2 $ $ $ Year 3 $ . $ 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends Total Preferred Common Year 1 $ $ $ Year 2 $ $ $ 0. Year 3 $ $ $
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