ounts were distributed as dividends: $20,000 5,000 30,000 termine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is Y1 Y2 Y3
ounts were distributed as dividends: $20,000 5,000 30,000 termine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is Y1 Y2 Y3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Dividends Per Share
Seacrest Company has 10,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following
amounts were distributed as dividends:
20Y1
20Y2
20Y3
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'.
20Y1
20Y2
20Y3
$20,000
5,000
30,000
Preferred Stock
(dividends per share)
$
$
1
0.50
1.50
Common Stock
(dividends per share)
$
0.2
0
0.49 X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc8ffaf8-ba67-424b-bc42-2736766b525e%2F4ab9b8f5-112e-4143-bd16-833b28d852b6%2F2gdqgw_processed.png&w=3840&q=75)
Transcribed Image Text:Dividends Per Share
Seacrest Company has 10,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following
amounts were distributed as dividends:
20Y1
20Y2
20Y3
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'.
20Y1
20Y2
20Y3
$20,000
5,000
30,000
Preferred Stock
(dividends per share)
$
$
1
0.50
1.50
Common Stock
(dividends per share)
$
0.2
0
0.49 X
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