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Cash Dividends Assignment | Top Universities

SECTION 6 (6 points) Ayantee Corporation has 50,000 shares of 4%, $100 par value preferred stock outstanding on December 31, 2019. On December 31, 2019, the company declared a $750,000 cash dividend. The company did not pay cash dividends in the previous two years (2017 and 2018).
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Required: (1) On the lines below, list total amounts of the cash dividends for preferred stockholders and common stockholders assuming that the preferred stock is noncumulative and the company did not pay a cash dividend in each of the previous two years. Preferred Common 55 JOOX (2) On the lines below, list total amounts of the cash dividends for preferred stockholders and common stockholders assuming that the preferred stock is cumulative and the company did not pay a cash dividend in each of the previous two years. 600)000 Preferred Common_78 150,000. Get Accounting Homework Help Today

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