Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $60,000 20Y2 12,000 20Y3 90,000 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) Common Stock (dividends per share) 20Y1 $fill in the blank 1 $fill in the blank 2 20Y2 $fill in the blank 3 $fill in the blank 4 20Y3 $fill in the blank 5 $fill in the blank 6
Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $60,000 20Y2 12,000 20Y3 90,000 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) Common Stock (dividends per share) 20Y1 $fill in the blank 1 $fill in the blank 2 20Y2 $fill in the blank 3 $fill in the blank 4 20Y3 $fill in the blank 5 $fill in the blank 6
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Dividends Per Share
Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
| 20Y1 | $60,000 |
| 20Y2 | 12,000 |
| 20Y3 | 90,000 |
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'.
(dividends per share) |
Common Stock (dividends per share) |
|
| 20Y1 | $fill in the blank 1 | $fill in the blank 2 |
| 20Y2 | $fill in the blank 3 | $fill in the blank 4 |
| 20Y3 | $fill in the blank 5 | $fill in the blank 6 |
Transcribed Image Text:Dividends Per Share
Oceanic Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $15 par common stock. The
following amounts were distributed as dividends:
20Y1
$60,000
20Y2
12,000
20Y3
90,000
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
Common Stock
(dividends per share)
(dividends per share)
20Υ1
24
1.00
0.50 X
20Υ2
24
1.50
20Y3
$4
1.20
0.63 X
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