EOG resources has 17,000 shares of $10 par common stock outstanding and 11,500 shares of $100 par, 5.50% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $330,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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EOG resources has 17,000 shares of $10 par common stock outstanding and 11,500 shares of $100 par, 5.50% cumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $330,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively?

 

Multiple Choice
  •  

    None of these answer choices are correct.

  •  

    $5.50; $11.00.

  •  

    $16.50; $8.25.

  •  

    $5.50; $8.25.

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