Required informationProblem 8-24 (Algo) Common and preferred stock-issuances and dividends LO 1, 2[The following information applies to the questions displayed below]Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash:• 1100.000 shares of no-par common stock were authorized; 277,000 shares were issued on January 1, 2019, at $31 pershare.. 447,000 shares of $100 par value, 10.00% cumulative, preferred stock were authorized; 126.000 shares were issued onJanuary 1, 2019, at $125 per share.• No dividends were declared or paid during 2019 or 2020. However, on December 22, 2021, the board of directors ofPermabilt Corp, declared dividends of $6,120.000, payable on February 12, 2022, to holders of record as of January 8,2022.Problem 8-24 (Algo) Part cc. Calculate the common stock dividends per share declared during 2021. (Round your answer to 2 decimal places.)Common stock dividends per shareMovt >

Dividend refers to that portion of the net income of the company which the company paid to its…

Answered: c. Calculate the common stock dividends…

c. Calculate the common stock dividends per share declared during 2021. (Round your answer to 2 decimal places.) Common stock dividends per share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information
Problem 8-24 (Algo) Common and preferred stock-issuances and dividends LO 1, 2
[The following information applies to the questions displayed below]
Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash:
• 1100.000 shares of no-par common stock were authorized; 277,000 shares were issued on January 1, 2019, at $31 per
share.
. 447,000 shares of $100 par value, 10.00% cumulative, preferred stock were authorized; 126.000 shares were issued on
January 1, 2019, at $125 per share.
• No dividends were declared or paid during 2019 or 2020. However, on December 22, 2021, the board of directors of
Permabilt Corp, declared dividends of $6,120.000, payable on February 12, 2022, to holders of record as of January 8,
2022.
Problem 8-24 (Algo) Part c
c. Calculate the common stock dividends per share declared during 2021. (Round your answer to 2 decimal places.)
Common stock dividends per share
Movt >

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