PLEASE SHOW ALL WORK. BBC's has stock outstanding consisting of 22,500 shares of cumulative 4%...
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Accounting
PLEASE SHOW ALL WORK.
BBC's has stock outstanding consisting of 22,500 shares of cumulative 4% preferred stock with a $30.00 par value and also 80,000 shares of common stock with a $2 par value. We declared and paid dividends as follows: 2021: $20,000; Year 2022: $30,000; Year 2023 $60,000; Year 2024: $87,000
Determine the amount of dividends paid each year to each of the two classes of stock: preferred and common. ALSO compute the per share dividend paid each year to each of the two classes of stock.
PLEASE SHOW ALL WORK THANK YOU!
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