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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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