Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock, $25 par, and 31,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,500; second year, $15,750; third year, $76,100; fourth year, $114,590. 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". 2nd Year 3rd Year 4th Year 8888 Preferred stock (dividend per share) Common stock (dividend per share) 1st Year X

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock, $25 par, and 31,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,500; second year, $15,750; third year, $76,100; fourth year, $114,590. 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". 2nd Year 3rd Year 4th Year 8888 Preferred stock (dividend per share) Common stock (dividend per share) 1st Year X

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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