A company had stock outstanding as follows during each of its first 3 years of operations: 2,000 shares of 9%, $100 par, cumulative preferred stock and 43,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year Dividends Preferred Total Preferred Per Share Common Total Common Per Share 1 $13,500 2 18,000 3 45,600
A company had stock outstanding as follows during each of its first 3 years of operations: 2,000 shares of 9%, $100 par, cumulative preferred stock and 43,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year Dividends Preferred Total Preferred Per Share Common Total Common Per Share 1 $13,500 2 18,000 3 45,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
A company had stock outstanding as follows during each of its first 3 years of operations: 2,000 shares of 9%, $100 par, cumulative preferred stock and 43,000 shares of $10 par common stock. The amounts distributed as dividends are presented in the following schedule.
Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0".
| Year | Dividends | Preferred Total |
Per Share |
Common Total |
Common Per Share |
|---|---|---|---|---|---|
| 1 | $13,500 | ||||
| 2 | 18,000 | ||||
| 3 | 45,600 |
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