Subject - account Please help me. Thankyou. Dividends per shareZero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends:20Y12012<$30,0008,000110,000Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.201320Y120122013Preferred Stock(dividends per share)Feedback0.500.400.55 XCommon Stock(dividends per share)✓0.100.000.00 XCheck My WorkDetermine what amount of current dividends that preferred stock should receive per year.Keep in mind that the question is asking for a dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock.

A dividend is a distribution of profits by a company to the shareholders.Share holders classified…

Answered: Determine the dividends per share for…

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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Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. 20Y1 2012 2013 Preferred Stock (dividends per share) 0.50 0.40 ✓ $ $ 0.55 X Common Stock (dividends per share) 0.10 ✓ 0.00 0.00 X