The share holders equity of crystal company includes the item shown below. The board of...
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Accounting
The share holders equity of crystal company includes the item shown below. The board of directors of crystal declaired cash dividends of $3.2millions, $ 5.0 millions, and 48,8 million in each of hthe first three years of operation 2019,20202 and 2021 respectively.
Common stock $1 par 50,000,000 shres outstanding
Prefered stock 5%, $100 par ,1000,000 shres outstanding
Required:
Determine the amount of dividand per share on preferred and common stock for each of the three years. the prefferd stock is cummulative and nonparticipating.
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