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Dividend Distribution

Lakeside Company has the following shares outstanding: 20,000shares of $50 par value, six percent cumulative preferred stock and80,000 shares of %10 par value common stock. The company declaredcash dividends amounting to $160,000.

If no dividends in arrears on the preferred stock exist, howmuch in total dividends, and in dividends per share, is paid toeach class of stock?

If one year of dividends in arrears exist on the preferredstock, how much in total dividends, and in dividends per share, ispaid to each class of stock?

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Trinidad Tremblay
Trinidad TremblayLv2
28 Sep 2019

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Raphael Corporation’s common stock is currently selling on astock exchange at $154 per share, and its current balance sheetshows the following stockholders’ equity section: Preferredstock—5% cumulative, $___ par value, 1,000 shares authorized,issued, and outstanding $ 50,000

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. John Dear Co. is a heavy equipment and lawn care productsmanufacturer located in Illinois. John Dear is publicly owned, andhas declared the following dividends over a six year period:

20X1, $ 760,000; 20X2, $ 1,250,000; 20X3, $ 0; 20X4, $ 3,020,000;20X5, $ 120,000; and 20X6, $ 1,000,000. During the entire period,the outstanding stock of the company was composed of 600,000 sharesof cumulative, nonparticipating 2%, $20 Par Preferred stock and2,000,000 shares of common stock, $ 5 par.

Calculate the total dividends and the per-share dividends declaredon each class of stock for each of the six years. There were nodividends in arrears on Jan. 1, 20X1.

Round to the nearest cent.

Preferred Dividends Common Dividends

Year Total Dividends Total Per Share Arrears Total Per Share


20X1

20X2

20X3

20X4

20X5

20X6
John Dear Co. is a heavy equipment and lawn care productsmanufacturer located in Illinois. John Dear is publicly owned, andhas declared the following dividends over a six year period:

20X1, $ 760,000; 20X2, $ 1,250,000; 20X3, $ 0; 20X4, $ 3,020,000;20X5, $ 120,000; and 20X6, $ 1,000,000. During the entire period,the outstanding stock of the company was composed of 600,000 sharesof cumulative, nonparticipating 2%, $20 Par Preferred stock and2,000,000 shares of common stock, $ 5 par.

Calculate the total dividends and the per-share dividends declaredon each class of stock for each of the six years. There were nodividends in arrears on Jan. 1, 20X1.

Round to the nearest cent.

Preferred Dividends Common Dividends

Year. Total Dividends. Total. Per Share. Arrears. Total. PerShare.


20X1

20X2

20X3

20X4

20X5

20X6

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