A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 10%, $100 par, cumulative preferred and 33,000 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 nearest cent. If your answer is zero, please enter "0". Year Dividends $30,000 Total Preferred Per Share Total Common Per Share

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 10%, $100 par, cumulative preferred stock
and 33,000 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
nearest cent. If your answer is zero, please enter "0".
Year
1
23
Dividends
$30,000
40,000
62,810
Total
Preferred
Per Share
Total
Common
Per Share
Transcribed Image Text:A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 10%, $100 par, cumulative preferred stock and 33,000 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 nearest cent. If your answer is zero, please enter "0". Year 1 23 Dividends $30,000 40,000 62,810 Total Preferred Per Share Total Common Per Share
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