Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $73,000; third year, $80,000; fourth year, $120,000. 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 "0.00". Preferred stock (dividends per share) Common stock (dividends per share) Feedback 1st Year Check My Work 0.38 ✔ 0 ✓ $ 2nd Year X 0 X 3rd Year 1 X 4th Year Check My Work Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per-share amount or total amount per class of stock? Previous Next
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $73,000; third year, $80,000; fourth year, $120,000. 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 "0.00". Preferred stock (dividends per share) Common stock (dividends per share) Feedback 1st Year Check My Work 0.38 ✔ 0 ✓ $ 2nd Year X 0 X 3rd Year 1 X 4th Year Check My Work Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per-share amount or total amount per class of stock? Previous Next
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Question
![Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of
$25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $73,000; third year, $80,000; fourth year,
$120,000.
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 "0.00".
Preferred stock idends per share)
Common stock (dividends per share)
Feedback
1st Year
Check My Work
0.38
0
2nd Year
0
X
X
3rd Year
1 X
4th Year
$
▼ Check My Work
Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the
question asking for a per-share amount or total amount per class of stock?
Previous
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F771ce31f-7488-4bd5-b9c6-b862d83ada4d%2F38afc017-b872-4d91-8800-c2fcb4fad347%2F85aocv7_processed.png&w=3840&q=75)
Transcribed Image Text:Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of
$25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $73,000; third year, $80,000; fourth year,
$120,000.
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 "0.00".
Preferred stock idends per share)
Common stock (dividends per share)
Feedback
1st Year
Check My Work
0.38
0
2nd Year
0
X
X
3rd Year
1 X
4th Year
$
▼ Check My Work
Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the
question asking for a per-share amount or total amount per class of stock?
Previous
Next
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