Cash Dividends Kerry Company

Cash Dividends

Kerry Company has 950 shares of $100 par value, 12% preferred stock and 8,500 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were paid in 2013. Since 2013, Kerry has declared and paid dividends as follows:

2014 $ 0
2015 11,900
2016 24,000
2017 28,500


1.  Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2015 to 2017. If an amount is zero, enter “0”.

Year Preferred Dividends Common Dividends
2015 $ $
2016 $ $
2017 $ $

2.  If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders each year?

Year Preferred Dividends Common Dividends
2015 $ $
2016 $ $
2017 $ $
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