1. Preferred  Par = Preferred Shares Value Stock
DIVIDENDS    
Calculating Value of Preferred Stock
Number of Value of
Preferred  Par = Preferred
Shares Value Stock
1,000  $ = $100,000.00
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

2.         DIVIDENDS Value of Preferred Preferred
Calculating Dividend of Preferred Stock Dividend
Value of Preferred Preferred
Preferred  Dividend = Dividend
Stock Rate Amount
$100,  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, – $8, = $16,000.00
Lesson 11-3, page 311

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

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

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