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Dividends per share Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 2011 2012 2013 $50,000 2011 2012 2013 16,000 60,000 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 Preferred Stock (dividends per share) 1.0 0.8 1000 Common Stock (dividends per share)

Dividends per share Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 2011 2012 2013 $50,000 2011 2012 2013 16,000 60,000 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 Preferred Stock (dividends per share) 1.0 0.8 1000 Common Stock (dividends per share)

FINANCIAL ACCOUNTING
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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Dividends per share Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 20Y1 2012 2013 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. Preferred Stock (dividends per share) 2011 2012 $50,000 16,000 60,000 2013 1.0 0.8 Common Stock (dividends per share)
Transcribed Image Text:Dividends per share Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 20Y1 2012 2013 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. Preferred Stock (dividends per share) 2011 2012 $50,000 16,000 60,000 2013 1.0 0.8 Common Stock (dividends per share)
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