Dividends in arrears Assignment | College Homework Help

Time Left:1:19:06 Logan Wenrick: Attempt Previous Page Next Page Page 14 of 48 Question 14 (5 points) Dakota Company has 40,000 shares of $100 par, 4% cumulative preferred stock and 100,000 shares of S70 par common stock. The following amounts were distributed as dividends: Year 1 $100,000 Year 2 200,000 Year 3 350,000 Determine the dividends in arrears for preferred stock for the second year. $60,000 s100,000 so $20,000 Previous Page Next Page Page 14 of 48