Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| 52,000 shares authorized and issued* | $ | 3,328,000 | |
| Common shares, | |||
| 87,000 shares authorized and issued* | 1,392,000 | ||
*All shares were issued during 2018.
2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)
Transcribed Image Text:Preferred
Common
Year
Total Dividend
Dividend
Dividend
2018
2$
167,000
$
167,000
236,600
236,600
2019
170,400
407,000
2020
330,400
567,000
Total for three years
640,200
$
500,800
$
1,141,000
2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2
decimal places.)
Dividends Paid
per Share
Preferred shares
Common shares
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