Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $20 par, and 13,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000; second year, $5,000; third year, $27,440; fourth year, $46,870. Determine the dividends 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, enter "0". Preferred stock (dividend per share) Common stock (dividend per share) $ $ 1st Year 0.30 0 2nd Year 0.50 0 ✓ 3rd Year 0.80 X 1.50 X 4th Year 0.80 2.99 ✓

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $20 par, and 13,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000; second year, $5,000; third year, $27,440; fourth year, $46,870. Determine the dividends 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, enter "0". Preferred stock (dividend per share) Common stock (dividend per share) $ $ 1st Year 0.30 0 2nd Year 0.50 0 ✓ 3rd Year 0.80 X 1.50 X 4th Year 0.80 2.99 ✓

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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