Exercise 15-23 Ivanhoe Company has outstanding 2,200 shares of $100 par, 8% preferred stock and...
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Accounting
Exercise 15-23 Ivanhoe Company has outstanding 2,200 shares of $100 par, 8% preferred stock and 15,400 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 2 decimal places, e.g. $6.85.) Assumptions (a) Preferred, noncumulative, and nonparticipating (b) Preferred, cumulative, and fully participating Year Paid-out Preferred Common Preferred Common 2015 $13,600 $ $ $ $ 2016 $23,800 $ $ $ $ 2017 $51,800 $ $ $ $ 2018 $69,300 $ $ $ $
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