A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 8%, $100 par, cumulative preferred st 51,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the r cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $18,000 24,000 54 450 $ Total Preferred Per Share Total Common $ Per Share
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 8%, $100 par, cumulative preferred st 51,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the r cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $18,000 24,000 54 450 $ Total Preferred Per Share Total Common $ Per Share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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