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Required information Use the following information for the Exercises below. [The following information applies...

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Accounting

Required information
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.
Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2
York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $5 par value and also 290,000
shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following
total cash dividends:
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your
"Dividend per Preferred Share" answer to 3 decimal places.)
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