Problem 3 - Shareholders Equity BlueBox Corporation Blue Box began operations on January 1 2015. The company has paid the following amounts in cash dividends over the past 7 years Preferred Stock: 15,000 Shares outstanding, 10% dividend, $50 par value Common Stock: 50,000 Shares outstanding, $15 Prepare a schedule that contains the following: A- No Carryover B -Preferred In Arrears Year Total Dividends Dividends to Dividends to Dividends to Dividends to Dividends to Declared Preferred Common Preferred Preferred in arrears Common 2015 $ 65,000 2016 $ 100,000 2017 $ 70,000 2018 $ 50,000 2019 $ 125,000 2020 $ 110,000 2021 $ 99,000 Req (A): Complete this schedule for each year from 2015 through 2021 assuming that the missed preferred dividends are not paid in future years Req (B): Complete this schedule for each year from 2015 through 2021 assuming that the missed preferred dividends are paid in arrears before common stock dividends in future years when dividends are declared.

Problem 3 - Shareholders Equity BlueBox Corporation Blue Box began operations on January 1 2015. The company has paid the following amounts in cash dividends over the past 7 years Preferred Stock: 15,000 Shares outstanding, 10% dividend, $50 par value Common Stock: 50,000 Shares outstanding, $15 Prepare a schedule that contains the following: A- No Carryover B -Preferred In Arrears Year Total Dividends Dividends to Dividends to Dividends to Dividends to Dividends to Declared Preferred Common Preferred Preferred in arrears Common 2015 $ 65,000 2016 $ 100,000 2017 $ 70,000 2018 $ 50,000 2019 $ 125,000 2020 $ 110,000 2021 $ 99,000 Req (A): Complete this schedule for each year from 2015 through 2021 assuming that the missed preferred dividends are not paid in future years Req (B): Complete this schedule for each year from 2015 through 2021 assuming that the missed preferred dividends are paid in arrears before common stock dividends in future years when dividends are declared.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.10E

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Problem 3 - Shareholders Equity

BlueBox Corporation
	Blue Box began operations on January 1 2015. The company has paid the following amounts in cash dividends over the
	past 7 years

	Preferred Stock: 15,000 Shares outstanding, 10% dividend, $50 par value

	Common Stock: 50,000 Shares outstanding, $15

Prepare a schedule that contains the following:
			A- No Carryover	B -Preferred In Arrears
	Year	Total Dividends	Dividends to	Dividends to	Dividends to	Dividends to	Dividends to
		Declared	Preferred	Common	Preferred	Preferred in arrears	Common
	2015	$ 65,000
	2016	$ 100,000
	2017	$ 70,000
	2018	$ 50,000
	2019	$ 125,000
	2020	$ 110,000
	2021	$ 99,000

Req (A): Complete this schedule for each year from 2015 through 2021 assuming that the missed preferred dividends are not paid in future years


Req (B): Complete this schedule for each year from 2015 through 2021 assuming that the missed preferred dividends are paid in arrears
before common stock dividends in future years when dividends are declared.