Kerry company has 1000 shares of 100 par value 9 preferred, Accounting Basics

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Kerry company has 1000 shares of 100 par value 9 preferred

Cash Dividends

Kerry Company has 1,000 shares of $100 par value, 9% preferred stock and 10,000 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2010. Since 2010, Kerry has declared and paid dividends as follows

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Accounting Basics: Kerry company has 1000 shares of 100 par value 9 preferred

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