Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 20Y1 $120,000 20Y2 24,000 20Y3 180,000 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     20Y2     20Y3

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Dividends Per Share

Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

20Y1 $120,000
20Y2 24,000
20Y3 180,000

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    
20Y2    
20Y3    
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