Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 1% stock, $140 par, and 73,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $20,680; second year, $50,920; third year, $75,240; fourth year, $119,860. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $4 %24 Common stock (dividend per share) $ %24 %24 %24 %24 %24

Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 1% stock, $140 par, and 73,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $20,680; second year, $50,920; third year, $75,240; fourth year, $119,860. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $4 %24 Common stock (dividend per share) $ %24 %24 %24 %24 %24

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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