Optic, Inc. had the following stocks outstanding during the entire year of 2021 Common stock,...
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Optic, Inc. had the following stocks outstanding during the entire year of 2021 Common stock, 10,000 shares, $10.00 par value per share. Preferred stock, 6%, 5,000 shares, $5.00 par value per share. On December 15, 2021, Optic decided to pay out a total dividend of $15,000 to the two classes of stock. At that time, there were two years of dividends in arrears on the preferred stock REQUIRED: A) B) Assuming the preferred stock is cumulative and non-participating calculate the amount of dividends to be paid to each class of stock on December 15, 2021. Assuming the preferred stock is non-cumulative and fully participating calculate the amount of dividends to be paid to each class of stock on December 15, 2021 Assuming the preferred stock is cumulative and participating to 8%, calculate the amount of dividends to be paid to each class of stock on December 31, 2021. C)
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