Answered: ividends: 20Y1 $112,500 20Y2 18,000…

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ividends: 20Y1 $112,500 20Y2 18,000 20Y3 135,000 Determine the dividends per share for preferred and

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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Question

Dividends Per Share
Windborn Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as
dividends:
20Y1
20Y2
18,000
135,000
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'.
20Y3
20Y1
20Y2
20Y3
$112,500
Preferred Stock
(dividends per share)
G
LA
Common Stock
(dividends per share)
U
S

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