On January 1, 2011 a company had the following data: - issued 10,000 shares of $2.00 par value common stock for $12.00 per share - issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share - purchased 1,000 shares of previously issued common stock for $15.00 per share   The company had the following dividend information available: 2011 - No dividend paid 2012 - Paid a $2,000 total dividend 2013 - Paid a $17,000 total dividend 2014 - paid a $32,000 total dividend Using the following format, fill in the correct values for each year;                                                                          2011               2012          2013           2014 Common stock dividend Preferred stock dividend Dividends in arrears Preferred Dividend per Share Common Dividend per Share

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. On January 1, 2011 a company had the following data:

- issued 10,000 shares of $2.00 par value common stock for $12.00 per share

- issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share

- purchased 1,000 shares of previously issued common stock for $15.00 per share

 

The company had the following dividend information available:

2011 - No dividend paid

2012 - Paid a $2,000 total dividend

2013 - Paid a $17,000 total dividend

2014 - paid a $32,000 total dividend

Using the following format, fill in the correct values for each year;

 

                                                                       2011               2012          2013           2014

Common stock dividend

Preferred stock dividend

Dividends in arrears

Preferred Dividend per Share

Common Dividend per Share

 

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