Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. 20Y1 20Y2 20Y3 Preferred Stock (dividends per share) 1.50 ✔ $ $30,000 7,500 45,000 $ $ 1.50 X 1.50 X Common Stock (dividends per share) $ $ $ 0.30 0 0.60 X
Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. 20Y1 20Y2 20Y3 Preferred Stock (dividends per share) 1.50 ✔ $ $30,000 7,500 45,000 $ $ 1.50 X 1.50 X Common Stock (dividends per share) $ $ $ 0.30 0 0.60 X
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 21EB: Brunleigh Corporation earned net income of $200,000 this year. The company began the year with...
Related questions
Question
![Dividends Per Share
Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $150 par and
50,000 shares of $15 par common stock. The following amounts were distributed as
dividends:
20Y1
20Y2
20Y3
Determine the dividends per share for preferred and common stock for each year. Round all
answers to two decimal places. If an answer is zero, enter '0'.
20Y1
20Y2
20Y3
Preferred Stock
(dividends per share)
$
$30,000
7,500
45,000
$
$
1.50
1.50 X
1.50 X
Common Stock
(dividends per share)
$
$
$
0.30
0
0.60 X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2848ae22-53f7-472d-9cf5-b927a11da997%2Fcf716b2c-3bac-47a1-8ca5-b110285fcefd%2Fo0cmtkn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dividends Per Share
Oceanic Company has 10,000 shares of cumulative preferred 1% stock, $150 par and
50,000 shares of $15 par common stock. The following amounts were distributed as
dividends:
20Y1
20Y2
20Y3
Determine the dividends per share for preferred and common stock for each year. Round all
answers to two decimal places. If an answer is zero, enter '0'.
20Y1
20Y2
20Y3
Preferred Stock
(dividends per share)
$
$30,000
7,500
45,000
$
$
1.50
1.50 X
1.50 X
Common Stock
(dividends per share)
$
$
$
0.30
0
0.60 X
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Corporate Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781305653535/9781305653535_smallCoverImage.gif)
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning