c. Calculate the common stock dividends per share declared during 2021. (Round your answer to 2 decimal places.) Common stock dividends per share
c. Calculate the common stock dividends per share declared during 2021. (Round your answer to 2 decimal places.) Common stock dividends per share
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:
• 1,100,000 shares of no-par common stock were authorized; 342,000 shares were issued on January 1, 2019, at $26 per
share.
• 381,000 shares of $90 par value, 9.10% cumulative, preferred stock were authorized; 132,000 shares were issued on
January 1, 2019, at $128 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 $6,260,000, 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8601dea8-ff7b-490e-a1c5-1620ac51d5a6%2Fc75e4c62-caef-4e47-bce5-078cbea6c370%2Fnlb3cl_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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:
• 1,100,000 shares of no-par common stock were authorized; 342,000 shares were issued on January 1, 2019, at $26 per
share.
• 381,000 shares of $90 par value, 9.10% cumulative, preferred stock were authorized; 132,000 shares were issued on
January 1, 2019, at $128 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 $6,260,000, 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
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