.Keener Company has had 700 shares of 8%, $100 par preferred stock and 46,000 shares...
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Accounting
.Keener Company has had 700 shares of 8%, $100 par preferred stock and 46,000 shares of $5 stated value common stock outstanding for the last 3 years. During that period, dividends paid totaled $4,100, $31,500, and $32,100 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 "0".
1. Preferred stock is nonparticipating and noncumulative.
2. Preferred stock is nonparticipating and cumulative.
3. Preferred stock is fully participating and cumulative.
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