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mucho com middleware'252Fm Chapter 11 Homework Help Save & E- Chec 8 2 port The...

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Accounting

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mucho com middleware'252Fm Chapter 11 Homework Help Save & E- Chec 8 2 port The record of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year Common stock S11 par value 36.000 shares outstanding Preferred stock 9 percent. $9 pat value. 9,000 shares outstanding Retained earnings. $224.000 On September 1 of the current year, the board of directors was considering the distribution of an $81.000 cash dividend. No dividends were paid during the previous two years. You have been asked to determine dividend amounts under two independent assumptions (show computations a. The preferred stock is noncumulative b. The preferred stock is cumulative. Required: 1. Determine the total and per share amounts that would be paid to the common stockholders and the preferred stockholders under the two independent assumptions (Round your "per share amounts to 2 decimal places.) Print Preferred Common References 7.290 Noncumulative Total Per share Cumulative Total 3 $ 0.81 Per share

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