# Computation of Dividends Paid to each Class of Stock

Question

Abbey Corporation has paid all required preferred dividends through 2008 December 31. Its outstanding stock consists of 10,000 shares \$125 par value common stock and 6,000 shares of 5 percent, \$135 par value preferred stock. During five successive years, the corporation’s dividend declarations were as follows:

 Year Amount 2009 \$85,000 2010 52,500 2011 7,500 2012 15,000 2013 67,500

Compute the amount of dividends that would have been paid to each class of stock in each of the five years assuming the preferred stock is:

Summary

This question belongs to accounting and discusses about computation of dividends paid to each class of stock of a company.

Total word count: 57

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