Dividends per share Zero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $30,000 8,000 110,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 20Y2 20Y3

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dividends per share
Zero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The following amounts were distributed as
dividends:
20Y1
20Y2
20Y3
$30,000
8,000
110,000
Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.
Preferred Stock
(dividends per share)
Common Stock
(dividends per share)
20Y1
20Y2
20Y3
Transcribed Image Text:Dividends per share Zero Calories Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 200,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $30,000 8,000 110,000 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 20Y2 20Y3
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