eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 20 par and 400,000 shares of $25 par common. uring its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $7 ear, $90,000; 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 lividends are paid in a given year, enter "0". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.52 0 2nd Year 1.25 X 0.09 ✓ 3rd Year X X 4th Year 0.60 0.21

eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 20 par and 400,000 shares of $25 par common. uring its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $7 ear, $90,000; 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 lividends are paid in a given year, enter "0". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.52 0 2nd Year 1.25 X 0.09 ✓ 3rd Year X X 4th Year 0.60 0.21

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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