Solved: Simple industries inc has 4000 shares of 5 20 par preferred, Accounting Basics

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Simple industries inc has 4000 shares of 5 20 par preferred

Question - Simple Industries Inc. has 4,000 shares of 5% $20 par preferred stock and 150,000 shares of $1 par common stock outstanding. During a four year period, Simple Industries declared the following dividends:

2005- $5,500

2006- none

2007 $8,500

2008- $15,000

Compute the dividends paid to preferred and common stock for each of the four years.

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Accounting Basics: Simple industries inc has 4000 shares of 5 20 par preferred

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Accounting Basics: Simple industries inc has 4000 shares of 5 20 par preferred

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