Preferred  Par = Preferred Shares Value Stock DIVIDENDS     Calculating Value of Preferred Stock Number of Value of Preferred  Par = Preferred Shares Value Stock 1,000  $100.00 = $100,000.00 Calculating Value of Common Stock     Number of Value of Common  Stated = Common Shares Value Stock 16,000  $20.00 = $320,000.00 Lesson 11-3, page 310

        DIVIDENDS Value of Preferred Preferred Calculating Dividend of Preferred Stock Dividend Value of Preferred Preferred Preferred  Dividend = Dividend Stock Rate Amount $100,000.00  8% = $8,000.00 Calculating Amount Available for Common Stock Dividend     Total Amount Preferred Amount Available Available for – Dividend = for Common Dividends Amount Dividends $24,000.00 – $8,000.00 = $16,000.00 Lesson 11-3, page 311

Dividend ÷ Stock = Dividend Amount Stock Rate     Calculating Dividend Rate for Common Stock Common Value of Common Dividend ÷ Stock = Dividend Amount Stock Rate $16,000.00 ÷ $320,000.00 = 5% Lesson 11-3, page 311

JOURNALIZING DECLARATION OF DIVIDEND JOURNALIZING PAYMENT OF A DIVIDEND Lesson 11-3, page 312

TERMS REVIEW declaring a dividend date of declaration date of record date of payment Lesson 11-3, page 313