nds Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $120 and 50,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $120 par,
and 50,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,0003;
second year, $34,000; third year, $51,200; fourth year, $90,500.
Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in
a given year, leave it blank.
1st Year
2nd Year
3rd Year
4th Year
Preferred stock (dividend per share)
Common stock (dividend per share)
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Transcribed Image Text:: CengageNOWv2|Online teachin x + n/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false h eBook A Calculator Show Me How Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $120 par, and 50,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,0003; second year, $34,000; third year, $51,200; fourth year, $90,500. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) Check My Work Next> 414 PM 10/16/2020 2000 ALTEL ho insert pri sc delete & 7 3 8 + backspace E R Y U F J K ente O
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