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Problem 5 Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $ Year 2 $ 25,000 Year 3 $ 85,000 Year 4 $ 110,000 Year 5 $ 130,000

Problem 5 Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $ Year 2 $ 25,000 Year 3 $ 85,000 Year 4 $ 110,000 Year 5 $ 130,000

FINANCIAL ACCOUNTING
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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Answer using the same format as provided dividends sheet, thanks!

Problem 5 Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $ $ Year 2 Year 3 Year 4 Year 5 25,000 $ 85,000 $ 110,000 $ 130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. Year 123 4 5 Total Total Dividends Average annual dividend - SUMMARY OF DIVIDENDS $ Preferred Dividends Total Per Share $ $ $ - $ Common Dividends Total Per Share $ $ -
Transcribed Image Text:Problem 5 Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $ $ Year 2 Year 3 Year 4 Year 5 25,000 $ 85,000 $ 110,000 $ 130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. Year 123 4 5 Total Total Dividends Average annual dividend - SUMMARY OF DIVIDENDS $ Preferred Dividends Total Per Share $ $ $ - $ Common Dividends Total Per Share $ $ -
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