Compute the total cash dividends paid to each class of


Ferriss Imports has the following stock outstanding:
15,000 shares of $90 par value, 8% cumulative preferred stock
100,000 shares of $2 par value, common stock

The company declares and pays the following dividends for the past four years:

2009              $ 50,000
2010              $318,000
2011              $262,000
2012              No dividends are paid

Compute the total cash dividends paid to each class of stock in 2009 through 2012. 

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Accounting Basics: Compute the total cash dividends paid to each class of
Reference No:- TGS01367754

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